We provide a comprehensive analysis of income inequality and income dynamics for Germany over the last two decades … distribution of annual earnings in Germany. We find that cross-sectional inequality rose until 2009 for men and women. After the … Great Recession inequality continued to rise at a slower rate for men and fell slightly for women due to compression at the …

part-time workers. A one percentage point increase in the unemployment rate led to an average decline in real hourly wages … of new hires are not helpful for understanding the behaviour of unemployment over the business cycle. …

to avoid elevated unemployment rates during the transition. …

markets with frictions. This observation helps explain rising wage inequality in the US, but a relatively stable wage …

in their unemployment rate and not a decline in labour force participation rate. Policymakers should take account of …

unemployment benefits reduce unemployment? Using a recent labour market reform in Germany as background, we find that an enhanced … effectiveness of the PEA explains about 20% of the observed post-reform unemployment decline. The role of unemployment benefit … the PEA could have had an even higher impact on unemployment reduction if there had been less focus on long …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

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 …