adjustment costs can cause a mean-preserving increase in unemployment risk to lead to increased consumption. The predictions of … risk as their unemployment shocks are more highly correlated. Such couples spend more on owner-occupied housing than other … usual relationship between risk and consumption. In particular, we present a model where the presence of plausible …

We measure the impact of individuals' looks on life satisfaction/happiness. Using five data sets, from the U.S., Canada …, the U.K., and Germany, we construct beauty measures in different ways that allow placing lower bounds on the effects of … additional satisfaction/happiness among men, 0.12 among women. Accounting for a wide variety of covariates, particularly effects …

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 …

States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates … increased moderately in Canada. More recent data also show that, unlike Germany and Canada, the U.S. unemployment rate remains … did not change substantially in Germany, increased and remained at relatively high levels in the United States, and …

This study examines the determinants of the reservation wage of unemployed persons in the Federal Republic of Germany … ambiguity of some explanatory variables. The data basis are unemployed persons leaving the unemployment register within a given … unemployment compensation play minor roles …

The job finding rate of Unemployment Insurance (UI) recipients declines in the initial months of unemployment and then …-message-based survey of unemployed workers in Germany. We surveyed 6,349 UI recipients twice a week for 4 months about their job search … effort. The panel structure allows us to observe how search effort evolves within individuals over the unemployment spell. We …