the hypothesis that a rigid wage structure has been responsible for rising low-skilled unemployment, I propose a …

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …

large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and …