After 2008, the Southern European economies suffered a strong and persistent increase in unemployment. Rising … government bond spreads necessitated the implementation of austerity policies. Austerity however, may increase unemployment. If … workers lose human capital during unemployment spells, the economy's future production potential and thus the fiscal …

parameter of interest is the expected unemployment duration. If both job separations and job accessions follow a Poisson process … duration distribution. We propose a new measure for unemployment durations (an inflow corrected stock sample measure of … unemployment duration) that can be easily calculated from stock sample data and takes account of the fact that it is primarily the …

considerably increased inflows from employment into unemployment, and 33 percent of the reduced outflows from unemployment to … unemployment in the short run by 80,000 persons …