, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …This paper analyzes the dynamic effects of different macroeconomic shocks on unemployment in Germany. In a first step … display that price, demand, and labor supply shocks affect unemployment significantly in the short/medium run. Interestingly …

unemployment. We use the model to explain the cyclical properties of aggregate employment and participation. As in the US data, the … two members. Households face unemployment risks but their members adjust their labor supplies to insure against … earners have a mildly countercyclical participation rate and a mildly procyclical employment rate. Their behavior insures the …

, dass mit einer größeren Lohnspreizung die Lastverteilung der Arbeitslosigkeit bei gegebenem Output, Kapitaleinsatz und …

downgraded employment, and of children to drop-out from education. While effects are stronger among vulnerable households …, coverage of social security does not provide enough support in coping with unemployment shocks. Instead, we find that mothers …

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

large, long-term photovoltaic invest scheme in Germany. Comparing counties with high and low unemployment both over time and …

We extend the canonical income process with persistent and transitory risk to shock distributions with left … data from the United States. We find countercyclical variance and procyclical skewness of persistent shocks. All shock …

-specific credit supply shock and examine firms’ and workers’ outcomes for 11 years after the crisis. We find that highly-exposed firms …