incentives as it reduces the attractiveness of remaining a low-educated worker. However, unemployment also increases …

of in-work benefits on search intensity, participation, employment, and unemployment, compared to a framework in which …

This paper is concerned with social interactions and their importance for unemployment. A theoretical model is … specified in which the psychological costs of unemployment depend upon the unemployment level. The analysis reveals social … multiplier effects, and shows that multiple unemployment equilibria may emerge. Data on all 20- to 24-year-olds living in …