analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working … makes people generally better off than being unemployed, but employed welfare recipients do not reach the life satisfaction …. Our findings allow us to draw cautious conclusions on employment subsidies paid as welfare benefits. …

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 …