This paper provides new evidence on time use and subjective well-being of employed and unemployed individuals in 14 countries. We devote particular attention to characterizing and modeling job search intensity, measured by the amount of time devoted to searching for a new job. Job search...

Diese kumulative Dissertation analysiert eine Auswahl aktueller Themen in der dynamischen Makroökonomik sowie der Finanzierung des Staatshaushaltes. Die Kapitel dieser Dissertation teilen die gemeinsame Eigenschaft, dass sich sämtliche Aufsätze mit der Rolle von Wirtschaftspolitik in einem...

We use a rich new body of data on the experiences of unemployed job-seekers to determine the sources of wage dispersion and to create a search model consistent with the acceptance decisions the job-seekers made. From the data and the model, we identify the distributions of four key variables:...

How does the asymmetry of labor market institutions affect the adjustment of a currency union to shocks? To answer this question, this paper sets up a dynamic currency union model with monopolistic competition and sticky prices, hiring frictions and real wage rigidities. In our analysis, we...