variation in testosterone levels to explain transition probabilities into and out of unemployment. We examine labour market …, higher testosterone levels reduce the risk of unemployment. Based on previous studies and descriptive evidence, we argue that …

, Germany, and the United Kingdom, we document striking similarities in spatial differences in unemployment, vacancies, job … quantitatively rationalizes why differences in job-separation rates have primary importance in inducing differences in unemployment … across space while changes in the job-finding rate are the main driver in unemployment fluctuations over the business cycle. …