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 …

important to look at minority-specific effects of policies and institutions and not solely at the effects for the average … citizen, as well as the transmission mechanisms through which policies and institutions affect life satisfaction. We find that …

Unemployment causes significant losses in the quality of life. In addition to reducing individual income, it also … show that, without this distinction, the non-pecuniary costs of unemployment are overestimated by roughly one …-third. Nevertheless, the non-pecuniary costs of unemployment with this modified quantification method still amount to 2.3 (1.5) times the …

This paper examines the existence of a habituation effect to unemployment: Do the unemployed suffer less from job loss … if unemployment is more widespread, if their own unemployment lasts longer and if unemployment is a recurrent experience …? The underlying idea is that unemployment hysteresis may operate through a sociological channel: if many people in the …