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-term unemployment assistance (UA). The reform raised the minimum age to receive unlimited-duration UA from 52 to 55. Using a difference …-in-differences design, we document that shorter benefits caused (i) shorter non-employment duration, especially among younger workers; (ii …
Persistent link: https://www.econbiz.de/10013334518
in slack markets, i.e. with only few vacancies per job seeker. Job seekers received suggestions about suitable … all eligible job seekers registered to search in the target occupations. The vast majority of treated job seekers open the …
Persistent link: https://www.econbiz.de/10015409851
We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381
employment is the efficient unemployment rate, u*. We define u* as the unemployment rate that minimizes the nonproductive use of … vacancies, u + v. Through the Beveridge curve, the number of vacancies is inversely related to the number of jobseekers. With … such symmetry, the labor market is efficient when there are as many jobseekers as vacancies (u = v), too tight when there …
Persistent link: https://www.econbiz.de/10013334429
How has the internet affected search and hiring, and what are the implications for aggregate unemployment? Answering … these questions empirically has proven difficult due to selection in internet use and difficulty in measuring the search … seekers, and vacancies. Our empirical analysis shows that the internet expansion led more firms to recruit online and caused 9 …
Persistent link: https://www.econbiz.de/10014226108
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 …
Persistent link: https://www.econbiz.de/10014436979
This study documents how job seekers update perceived job-finding prospects by unemployment duration and by learning … about aggregate unemployment. We find that job seekers perceive an 18% decline in their job-finding probability for each … additional month of unemployment, but perceive a higher job-finding probability when the aggregate unemployment rate is …
Persistent link: https://www.econbiz.de/10014447261
variables while it is uncorrelated with life satisfaction. The unemployment rate and the CPI reduce both. We analyze data for 29 … European countries to predict changes in the unemployment rate 12 months ahead using individuals' fears of unemployment in the … presence of country and year fixed effects and lagged unemployment. We also use firms' expectations of future employment, which …
Persistent link: https://www.econbiz.de/10014447326
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 …
Persistent link: https://www.econbiz.de/10014421233
We systematically review studies of how unemployment benefits affect unemployment duration. Statistically significant …
Persistent link: https://www.econbiz.de/10015056158