that incorporates unemployment and endogenous wages. This formula nests a broad variety of structures of the labor market …, such as competitive models with fixed or flexible wages and models with matching frictions. Our results show that the …

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 … paper shows that UI extensions at age thresholds reduced reemployment wages of job searchers in Germany. The UI extensions …