This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the …

Germany experienced an even deeper fall in GDP in the Great Recession than the United States, with little employment …, contributed to an employment shortfall equivalent to 40 percent of the missing employment decline in the recession. Another 20 …

One goal of extending the duration of unemployment insurance (UI) in recessions is to increase UI coverage in the face … of longer unemployment spells. Although it is a common concern that such extensions may themselves raise nonemployment …

The sustained rise in German unemployment since 1973 poses a problem of critical importance for the world economy …. Fewer than two decades ago, Germany boasted an average unemployment rate of under 1% and imported labor to relieve chronic … labor shortages. By the mid-1980s, unemployment had risen to over 8 percent of the labor force. This paper investigates some …