labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in …This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

economic crisis that began in 2008. It starts from the observation that the decline in employment and rise in unemployment in … shows that, at least for the time being, unemployment increases have been contained in countries with comparatively strong …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … financial shocks do translate into the labor markets. In this paper we first document that financial recessions amplify labor … shocks to job destruction, presenting and solving a simple model of labor market search and endogenous finance. While finance …

inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the …How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this … and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … equilibrium model with a detailed labor market block for post-unification Germany. This allows us to disentangle the role of … institutions (short-time work, government spending rules) and shocks (aggregate, labor market, and policy shocks) and to perform …

employment level. Immigrants, being new to the labor market, may be less aware of employment protection regulations and less …

We revisit the hypothesis that labor market fluctuations are driven by shocks to the discount rate. Using a model in …

This paper studies the mechanisms driving the persistently high unemployment rate during the last recession and mild …, we propose a methodology to decompose changes in the unemployment rate into worker inflows and outflows across industry …

This paper analyzes how the labor market adjusts to the Great Recession. To this aim, we use the data for Latvia, a … estimate worker transitions between labor market states. Labor market adjustment takes place predominantly at the extensive … margin since it is driven by flows from permanent wage employment to unemployment. We also show that older, non-Latvian and …

This paper assesses the impact that the 2009 Great Recession had on individual's transitions to and from unemployment … in Ireland. The rate of transition from unemployment to employment declined between 2006 and 2011, while the rate from … employment to unemployment increased. The impact of some of the factors identified as contributing to the likelihood of a …