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 …

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 …

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 …

workplace safety of young workers. We find that higher local unemployment rates at entry have a positive effect both on severe … injuries and non-severe injuries. While the impact of unemployment at entry on severe injuries is constant over time, the … used to overcome wage and other institutional rigidities of the Italian labor market …

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

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 …