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 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 …