extractive economic and political institutions even after the weighted voting system was abolished and universal suffrage … using both extractive economic and political institutions (Acemoglu and Robinson (2008)). …

on the evolution of unemployment as well as inactivity across European countries. Indeed, previous crises have typically … lead not only to more unemployment but also to larger numbers of discouraged unemployed and thus more inactivity. It … experienced higher unemployment. In many other countries, unemployment and inactivity remained remarkably stable despite COVID-19. …

unemployment on the level of regional labor markets. Using variation in the regional exposure to the new wage floor, we employ a … difference-in-differences approach that compares the evolution of employment and unemployment between regions with varying … reduction is not accompanied by a proportional increase in unemployment. …

By conventional statistics, youth unemployment seems to be quite moderate in Korea: 'only' 9.6 percent of the 'active …' youth labour force was unemployed compared to 21.4 percent in EU-27 in 2011. Germany, with a youth unemployment rate of 8 … the perspective of intergenerational risk sharing Korea's youth unemployment rate is 4.6 times higher than the …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private … unemployment. …

Since the labor market reforms around 2005, known as the Hartz reforms, Germany has experienced declining unemployment … unemployment rate. Also unemployed persons who exogenously lost their jobs are affected by the reforms. In line with the structure …