labor markets. Upon a neutral shock, total unemployment decrease is two-staged: firstly with a reduction in unskilled … unemployment, and then due to a sharp decline of skilled unemployment when skill substitution dominates. A higher elasticity of …-specific unemployment ; human capital investment ; idiosyncratic shock ; skill substitution ; search and matching …

This paper explains differences in unemployment duration among displaced workers by differences in their skills, using … by 7%. The impact of education, however, on exiting unemployment is less pronounced the higher the displaced worker …

picking up. Unemployment remained high and employment rates were low, especially among women, the young and older workers. The …

driving this result are pro-cyclical increases in the probability of skill loss during unemployment: these provide incentives …. Compositional changes in the unemployment pool, on the other hand, play a negligible role for empirically plausible rates of skill … depreciation, which imply a relatively slow process compared to the duration of unemployment spells …

In this paper, I quantify the contribution of occupation-specific shocks and skills to unemployment duration and its … the period 1995-2013, the model captures 69.5% of long-term unemployment in the data, while a uniform finding rate … delivers only 47.2%. In the Great Recession, the model predicts 72.9% of the long-term unemployment that existed in the data …

The literature on unemployment has mostly focused on labor market issues while the impact of capital formation is … appropriation model, the estimated values for the long-run elasticities of substitution between capital and labor for Germany and …

This paper evaluates the short-term labour market impact of the COVID-19 Containment measures in Germany. We take the … from employment into unemployment in April 2020 were due to the containment measures. In a second approach, we make use of … the unemployment effect coming from the separations margin. In sum, the lockdown measures increased unemployment in the …