unemployment duration. Yet, these models oftentimes do not explicitly take into account that unemployment prospects are influenced … data linked with administrative data, we show that numeracy skills are strongly related to unemployment duration, while at … longer unemployment duration of workers below median age (33) in our sample, even after including a rich set of controls. We …

Using German panel data, we assess the causal effect of job loss, and thus of an extensive income shock, on risk … attitude. In line with predictions of expected utility reasoning about absolute risk aversion, losing oneś job reduces the … perceives the threat of job loss and is of a transitory nature. The change in stated risk attitude matches observable job …

education. We therefore include aggregate unemployment and an interaction term between unemployment and the individual education … regional unemployment can in addition almost fully explain the observed large differences in regional returns to education. We …On the basis of a theoretical model, we argue that higher aggregate unemployment affects individual returns to …