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an expected long period of unemployment make a job more valuable during recessions. I estimate the elasticity of the …
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years. Theoretically, periods of recessions and high unemployment should directly influence individual’s decisions whether …, contacting employers, interviewing, reading ads on the internet and so forth. Results from Tobit estimation indicate the …
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reemployment programs. The estimation uses data from a randomized experiment which generates exogenous variation in the threat of …
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This paper quantifies the surprisingly large heterogeneity of real income and employment effects across German counties in response to local productivity shocks. Using a quantitative model with imperfect mobility and sector-specific labor market frictions together with an outstanding data set of...
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their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …
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