This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …

-experimental variation in nonemployment values arises from four large reforms of unemployment insurance (UI) benefit levels in Austria. We … bargaining power, with low labor force attachment, with high predicted unemployment duration, among job switchers and recently … unemployed workers, in areas of high unemployment, in firms with flexible pay policies, and when considering firm …

This paper studies how changes in the two key parameters of unemployment insurance – the benefit replacement rate (RR …) and the potential duration of benefits (PBD) – affect the duration of unemployment. In 1989, the Austrian government made … unemployment insurance more generous by changing, simultaneously, the maximum duration of regular unemployment benefits and the …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

This paper studies the role of culture in shaping unemployment outcomes. The empirical analysis is based on local … political jurisdictions. Local contrasts across the language border identify the role of culture for unemployment. Our findings … indicate that differences in culture explain differences in unemployment duration on the order of 20 %. Moreover, we find that …

We use firm closure data from social security records for Austria 1978-1998 to investigate the effect of age on … employment prospects. We rely on exact matching to compare workers displaced due to firm closure with similar non …-displaced workers. We then use a difference-in-difference strategy to analyze employment and earnings of older relative to prime …