large sector-specific shocks. However, the latter shows much less labor reallocation because ERTEs were available to firms …. We show that ERTEs stabilize unemployment rates by allowing workers to remain with their employers in highly affected … sectors. However, they crowd-out labor hoarding of employers, increase the volatility of the rate of people working and …

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

the estimates of the impact of labour demand shocks on participation. For men, unemployment increased in response to …

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 …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

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 …

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 …

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

Using micro panel data, labor market transitions are analyzed for the EU-member states by cumulative year … analyses mainly refer to female labor supply. In search for important determinants of these transitions, six EU countries with … different labor market-regimes are selected as examples (Denmark, Germany, Netherlands, Portugal, Ireland, UK). Within these …

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 …