This paper shows empirically that the non-employment effects of unemployment insurance (UI) for older workers depend in … with retirement policies. Accounting for interactions across UI and retirement institutions also helps explain otherwise … difficult-to-explain trends in the unemployment rate of older German workers …

This paper estimates the causal effect of long-term unemployment on wages. Job search theory implies that if … Unemployment Insurance (UI) extensions do not affect wages conditional on the month of unemployment exit, then reservation wages do … not bind on average. Then, UI extensions affect mean wages only through unemployment durations and are valid instrumental …

long-run loss is due to a decline in wages. We also show that even the generous German unemployment insurance system … Displacement ; Mass-Layoffs ; Unemployment Insurance System …

This paper evaluates the impact of large changes in the duration of unemployment insurance (UI) in different economic … unemployment spells and career histo-ries over twenty years from Germany. We find that increases in UI have small to modest effects … UI during recessions do not lead to lasting increases in unemployment duration, nor can they explain differ-ences in …

This paper provides quasi-experimental estimates of the causal effect of long-term unemployment on wages. Using … standard job search theory, the paper derives and tests conditions on reemployment wages under which Unemployment Insurance (UI …) extensions can be used as instrumental variables (IV) for unemployment duration. Using a regression discontinuity design, the …