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We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly cyclical, nearly doubling in size during downturns. A large part of the long-term earnings losses...
Persistent link: https://www.econbiz.de/10013334381
ambiguity of some explanatory variables. The data basis are unemployed persons leaving the unemployment register within a given … unemployment compensation play minor roles …
Persistent link: https://www.econbiz.de/10012478551
Standard search and matching models of equilibrium unemployment, once properly calibrated, can generate only a small …
Persistent link: https://www.econbiz.de/10012465034
welfare. This insight leads to a novel test for the optimality of unemployment insurance based on the responsiveness of … reservation wages to unemployment benefits. Some existing estimates imply significant gains to raising the current level of … unemployment benefits in the United States, but highlight the need for more research on the determinants of reservation wages. Our …
Persistent link: https://www.econbiz.de/10012466043
This paper provides evidence on the behavior of reservation wages over the spell of unemployment using high … to 24 weeks, we find that self-reported reservation wages decline at a modest rate over the spell of unemployment, with … point estimates ranging from 0.05 to 0.14 percent per week of unemployment. The decline in reservation wages is driven …
Persistent link: https://www.econbiz.de/10012458793
Social welfare programs in the United States are designed to serve as safety nets for people in hard times, in contrast with the universal approach found in many other developed western nations. In a survey of Cliometric studies of social welfare programs in the U.S., we examine the variation in...
Persistent link: https://www.econbiz.de/10012462956
harmed either employment or GDP. Even unemployment benefits do not have robustly negative effects …
Persistent link: https://www.econbiz.de/10012466204
Prior research, primarily based on lab experiments, suggests that females might be more averse to competition than males and could be more inclined towards collaboration, instead. Were these findings to generalize to adults across the workforce, there could be profound implications for...
Persistent link: https://www.econbiz.de/10013210090
Combining confidential Census worker and firm data, we find three key results. First, employees at more productive firms earn higher pay at all earnings levels. Second, this pay-productivity relationship strengthens with seniority, doubling from an elasticity of 0.07 for pay on productivity for...
Persistent link: https://www.econbiz.de/10014512094
Economists have long hypothesized that large and thick labor markets facilitate the matching between workers and firms. We use administrative data from the LEHD to compare the job search outcomes of workers originally in large and small markets who lost their jobs due to a firm closure. We...
Persistent link: https://www.econbiz.de/10014512104