-term unemployment. Furthermore, the duration of unemployment prior to finding a new job rises with age. This pattern is particularly … German Socio-Economic Panel (SOEP) data for the years 2000 to 2016, we analyse unemployment durations and unemployment … between unemployment and an individual’s subsequent wage. This depressing impact is significant only for unqualified workers …

to implement. The empirical relevance is illustrated in an application to the effect of unemployment on happiness …

Measures of individual happiness, or well-being, can guide labor market policies. Individual unemployment, as well as … the rate of unemployment in society, have a negative effect on happiness. In contrast, employment protection and … unemployment benefits can contribute to happiness - though when such policies prolong unemployment, the net effect on national …