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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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Labor market frictions are not the only possible factor responsible for high unemployment. Credit market imperfections … European and US unemployment differ so much when labor markets have become more similar at the margin in Europe and the US. To …
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account for large fluctuations in vacancies, unemployment, and job-to-job transitions; it provides a rationale for the Jobless … Beveridge Curve (the unemployment-vacancy locus). Each of these phenomena is matched in the data. …
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