This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … driver for the "German labor market miracle" during the Great Recession. …

This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …

Not only the level of aggregate unemployment but also the properties of its dynamics are an important topic in … asymmetric pattern in the evolution of unemployment, whereas linear models with Gaussian innovations preclude such dynamics. This … paper applies several tests for asymmetry to aggregate British, German and US unemployment data to assess the relevance of …

prevent layoffs. Many OECD countries have used this policy in the Great Recession. This paper shows that the effects of short … in deep economic crises. The policy becomes more efficient as the recession deepens. In expansions, the effects are …

Great Recession and the pandemic recession (aka the Great Contagion) can both be understood as being driven partially by …. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected …, consequently, of output, and slow-down worker reallocation away from the sectors badly hit by the recession. …

The Great Recession triggered a resurgence of short-time work (STW) throughout the OECD. Several countries introduced … recession. In this paper we analyse the rationale for short time work benefits and their effects on labour adjustment from both … Great Recession. However, the number of jobs saved, according to our macroeconomic estimates, is smaller than the full …

This study aims at estimating the stigma effect of unemployment and overeducation within one framework. To this end, we … from the employer side, we find evidence for a larger stigma effect of unemployment than overeducation. The stigma effect …

temporary employment to unemployment, were the main factor behind the rise in unemployment; while reduced unemployment outflows … did not contribute substantially to the increase in unemployment during the early phase of the crisis. …

We study the impact of graduating in a recession in Flanders (Belgium), i.e. in a rigid labor market. In the presence … of a high minimum wage, a typical recession hardly influences the hourly wage of low educated men, but reduces working …