We show that workers displaced from their stable jobs during mass-layoffs in 1982 recession in Germany suffered permanent earnings losses of 10-15% lasting at least 15 years. These estimates are obtained using data and methodology comparable to similar studies for the United States. Exploiting...

This paper evaluates the impact of large changes in the duration of unemployment insurance (UI) in different economic environments on labour supply, job matches, and search behaviour. We show that differences in eligibility thresholds by exact age give rise to a valid regression discontinuity...

We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...