long-run loss is due to a decline in wages. We also show that even the generous German unemployment insurance system … Displacement ; Mass-Layoffs ; Unemployment Insurance System …

In this paper, we use 1991-2005 panel data on the unemployed, vacancies, inflow into unemployment, and outflow from … unemployment in five former communist economies and in the western part of Germany (a benchmark western economy) to examine the … evolution of unemployment together with that of inflows into unemployment and vacancies. The comparison of the transition …