We document the sources behind the costs of job loss over the business cycle using administrative data from Germany …

This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … difficult-to-explain trends in the unemployment rate of older German workers …

We introduce dynamic incentive contracts into a model of unemployment dynamics and present three results. First, wage … cyclicality from incentives does not dampen unemployment dynamics: the response of unemployment to shocks is first … cyclicality from bargaining dampens unemployment dynamics through the standard mechanism. Third, our calibrated model suggests 46 …

employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of …). Accordingly, the efficient unemployment rate is the geometric average of the unemployment and vacancy rates: u* = √uv. We compute …

We propose that the natural rate of unemployment has an active role in the business cycle, in contrast to the … Phillips-curve framework of low---often extremely low---response of inflation to unemployment could be the result of fairly … most Phillips-curve studies, that conclude that inflation has little relation to unemployment. We suggest that the flat …

, that frictions (sand-in-the-wheels) may decrease unemployment and that the equilibrium is determined by two simple …

) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the … substantial negative effects of unemployment duration on wages of 0.8% per month …This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using …

How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … indicate that the steady-state unemployment rate fell by as much as 14% due to the broadband internet expansion …

workers are unemployed. Both the reemployment hazard rate and reemployment earnings steadily fall with unemployment duration …We use a panel of survey responses linked to administrative data in Germany to measure the depreciation of skills while … results imply that skill depreciation in general human capital is unlikely to be a major explanation for duration dependence …