analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …

-employment and the consequences of unemployment rather than from advantages of self-employment. …

We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …

changes is, nonetheless, strongly debated. We contribute to this discussion by analyzing the effect of unemployment on LOC … unemployment. Overall, we find a significant shift in stated LOC due to unemployment. Because the effect is observable during … unemployment only and not heterogeneous with respect to individual characteristics or unemployment duration, we conclude that only …

-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …