underestimate wages elsewhere. We document this anchoring bias by eliciting workers’ beliefs in a representative survey in Germany …

Unemployment influences people’s life satisfaction beyond negative income shocks. A large body of literature … investigates these non-pecuniary costs of unemployment and stresses the importance of social identity and therefore social norms … experiment to compare unemployment-related life satisfaction losses between different cohorts of East and West German women. We …

The social norm of unemployment suggests that aggregate unemployment reduces the well-being of the employed, but has a … the appropriate distinction may not be between employment and unemployment, but rather between higher and lower levels of … regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively …

We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous … countercyclical unemployment, and is simultaneously consistent with procyclical reallocation, countercyclical separations and a … negatively-sloped Beveridge curve. Moreover, the model exhibits unemployment duration dependence, which (when calibrated to long …

sharing, which results in aggregate unemployment. In this extended model, offshoring furthermore has non-monotonic effects on … unemployment and intra-group inequality among workers. The paper also offers a calibration exercise to quantify the effects of …

on panel data for West Germany indicate that the legal change did have a negative effect on severance pay. -- panel data …

respondents are representative of the workforce and hypothetically of a workforce currently without representation is also …

employees work for two shifts. In one treatment, we lay off parts of the workforce before the second shift. Compared to two …

unemployment due to labor market frictions. Bayesian estimates for the model quantify the effects of both business cycle shocks and … structural changes on the unemployment rate. Applying our model to the Australian economy, we find that the persistent rise in … on unemployment due to sectoral shifts. However, this Dutch Disease effect is estimated to be quantitatively small and …