. If unemployment appears, however, home employment and consumption per capita decrease. …

economy permanently operates below capacity due to both structural unemployment and underemployment. The latter is a direct … demand and supply shocks are opposite to those of the standard case and result in a co-movement of unemployment and … explain movements of unemployment and underemployment in opposite directions. Finally, we show that fluctuations in the total …

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 …

program that extended unemployment benefits drastically for a subset of workers in selected regions of Austria. We use non … unemployment duration and probability of long term unemployment decrease. These effects are the largest when the program intensity …

achieves full employment and the other suffers long-run unemployment. Own and spill-over effects of changes in policy …

for elderly workers in Austria. The REBP extended entitlement to regular unemployment benefits from 30 weeks to a maximum …-experimental situation from which a lot can be learned about the impact of unemployment insurance rules on the dynamics of employment …, unemployment, and wages. We find that the REBP led to a tremendous increase in unemployment, which was due to both an increase in …

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 …