This paper studies the unemployment accelerator, a mechanism where workers directly affect the firms' financial … conditions, and, in turn, firms' financial conditions feedback again to the real economy. The unemployment accelerator builds on … in labor and financial markets. We provide compelling micro-evidence of the unemployment accelerator: a 10% increase in a …

We consider an economy characterised by involuntary unemployment among low skilled workers, and investigate the … implications for employment and income of welfare schemes often advocated as less distortionary. We show that reducing unemployment … deterioration. To support employment, we suggest that systems grounded in contribution-based unemployment insurance schemes are to …

; unemployment insurance ; social assistance …

Social comparisons are important in the employment sphere. A "culture of unemployment" may evolve and prevail because … group. We advance the idea that by making the receipt of unemployment benefits conditional on engagement in an incentive …

Social comparisons are important in the employment sphere. A "culture of unemployment" may evolve and prevail because … group. We advance the idea that by making the receipt of unemployment benefits conditional on engagement in an incentive …

keine Arbeitslosenversicherung im herkömmlichen Sinne: Die Einkommenssicherung bei Arbeitslosigkeit erfolgt durch die …Im Rahmen eines Vergleichs der amerikanischen und britischen Systeme der Arbeitslosenversicherung wird gezeigt, daß das … Arbeitslosenversicherung und der Höhe der Freisetzung von Arbeitskräften aufweist ("experience rating"). Im Vereinigten Königreich gibt es …

This paper studies the effect of unemployment benefits on the unemployment and subsequent employment duration using … heterogeneity. We find that recipients, relative to non-recipients, face lower exit rates from unemployment, while an additional … month in unemployment increases their subsequent employment stability. This positive correlation between previous …

This paper examines the effects of unemployment insurance on escape rates from unemployment using data from the 1998 … Displaced Worker Survey. Transitions from unemployment to employment are modeled using a flexible representation of the baseline … hazard function and allowing for discrete changes through time in the effects of unemployment insurance benefits, as well as …