up a risky entrepreneurial venture. Using administrative data from Denmark, where unemployment insurance (UI) is …

local labour market is in close proximity of other labour markets, a local shock that increases unemployment may not lead to … lower pay rates if employers fear outward migration of their workers. Hence, the unemployment elasticity of pay will be …

changing local labour market conditions. For many countries and periods, an inverse relationship between wages and unemployment … due to the use of aggregate unemployment rates and other labour market characteristics for groups. A maximum likelihood …

We study risk-based selection into a voluntary unemployment insurance (UI) scheme. To disentangle behavioral effects … find that individuals who sign up for UI are negatively selected in terms of subsequent unemployment. However, we find …