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 …

reducing the generosity of unemployment benefits decreases wages, fosters employment and augments competitiveness as well as …

potential participants. Our econometric analysis uses unusually informative data originating from administrative unemployment …