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Using data from the German Socio-Economic Panel from 1984-2009, we follow persons from their working life into their retirement years and find that, on average, employed people maintain their life satisfaction upon retirement, while long-term unemployed people report a substantial increase in...
Persistent link: https://www.econbiz.de/10010306211
presence of job protection will lead to lower unemployment levels than predicted by the standard labour market model with …
Persistent link: https://www.econbiz.de/10010306537
the indirect wage effect resulting from lower unemployment risks and shorter spells in unemployment associated with higher … accounting for the effects of unemployment on individual wages using EU-SILC data. Across countries we find a high variation of … the effect of education on unemployment duration. Overall, the returns to education are estimated to be the highest in the …
Persistent link: https://www.econbiz.de/10010306544
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 …
Persistent link: https://www.econbiz.de/10010307714
-employment and the consequences of unemployment rather than from advantages of self-employment. …
Persistent link: https://www.econbiz.de/10010420377
changes is, nonetheless, strongly debated. We contribute to this discussion by analyzing the effect of unemployment on LOC … unemployment. Overall, we find a significant shift in stated LOC due to unemployment. Because the effect is observable during … unemployment only and not heterogeneous with respect to individual characteristics or unemployment duration, we conclude that only …
Persistent link: https://www.econbiz.de/10011761049
incentives for lower income classes and to increase durations of unemployment. Standard studies measure work incentives based on … explained by the abolition of earnings-related unemployment assistance. …
Persistent link: https://www.econbiz.de/10010310739
-to-specific testing strategy reveals a recursive structure where only the unemployment rate and long-term interest rates are directly …
Persistent link: https://www.econbiz.de/10010317423
analyze transitions of workers between unemployment, regular employment and employment accompanied by welfare receipt. Working …
Persistent link: https://www.econbiz.de/10011513115
unemployment and income differ in size between regions in such a way that one can assume increasing marginal disutility of … unemployment. In total, approximately half of 'satisfaction gap' between East and West Germany can be attributed to differing …
Persistent link: https://www.econbiz.de/10010308239