Clark, Andrew E.; Knabe, Andreas; Rätzel, Steffen - 2008
far smaller effect on the unemployed. We use German panel data to reproduce this standard result, but then suggest that … labour-market security. Those with good job prospects, both employed and unemployed, are strongly negatively affected by … regional unemployment. However, the insecure employed and the poor-prospect unemployed are less negatively, or even positively …