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 …

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 …

(RUMIC) data set for the year 2009. We investigate conventional labor market outcomes upon displacement like the length of … unemployment spells, hours worked and monthly earnings. We also analyze whether displaced workers are more likely to be in informal … costs as additional outcomes. Displaced migrant workers do not encounter losses in terms of longer unemployment spells or …

focus is to explore how the conditions in the pre-displacement firm affect the duration of unemployment. The empirical … spent in unemployment. The heterogeneity of the signalling effect across various employee subgroups in the economy is also …

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 …