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Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the willingness to take risks. This effect strengthens in...
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We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of … labor market flows but also of the approximation error embedded in other decompositions that use surrogates for the current …
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technological unemployment. This chapter discusses how new digital technologies might affect the labor market in the near future … digitalization is likely to affect the German labor market in the next five years and derives implications for policy makers on how …
Persistent link: https://www.econbiz.de/10012021513
Do investment programs create more jobs in tight or in slack labor markets? We study this question using data from a … large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and … across space, we find that photovoltaic installations created at least twice as many jobs in slack than in tight labor …
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Although explanations of the persistence of high unemployment in Germany, in particular long-term unemployment, have …, these factors are analyzed based on a microeconometric model of individual transitions from unemployment into employment and … dependence" arising from causal factors and "sorting" effects due to unobserved heterogeneity in the unemployment pool. I also …
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between employment, unemployment and non-participation in the labour force at the individual level are derived from panel data …-state or 'equilibrium' unemployment rates for various groups of the labour force. It is shown that these differ greatly between …
Persistent link: https://www.econbiz.de/10011622108