This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step …, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run … relationships, interpreted as a labor demand and a wage setting scheme. Secondly, a structural VAR model is identified using the …

We offer a decomposition for the variance of the current unemployment rate that not only measures the contributions of …

reallocate mostly to low capital-intensive firms, experiencing persistent wage losses. …

2000s, while the employer size wage premium followed the opposite trajectory. In this paper, we show that these two … developments are interrelated. More precisely, our results suggest that variations in the employer size wage premiums induced …-of-variety preferences for employers. Both empirics and theory reveal that higher size wage premiums decrease average establishment size by …

This paper follows up recent work on the relationship between (un)employment and wage effects of social security …

After an expansionary monetary policy shock employment increases and unemployment falls. In standard New Keynesian … models the fall in aggregate unemployment does not affect employed workers at all. However, Lüchinger, Meier and Stutzer … (2010) found that the risk of unemployment negatively affects utility of employed workers: An increases in aggregate …

I calculate unemployment multipliers of fiscal consolidation policies in a standard, closed-economy New Keynesian … percentage of family firms in the labor force. I find that fiscal austerity raises unemployment. Both at peak and cumulatively …, unemployment reacts least when the budget is consolidated by increasing the rate of value-added tax. At peak, the highest increase …

reducing the generosity of unemployment benefits decreases wages, fosters employment and augments competitiveness as well as …

This paper derives alternative measures of the short-run NAIRU (SRN) for the UK, the rate for unemployment at which … a beneficial impact on RPIX inflation over the last few years. We show that deviations of unemployment from the short …