This paper analyzes the effects of different labor market institutions on inflation and output volatility. The eurozone … could account for volatility differences across member states, but labor market characteristics have remained very diverse …. We use a New Keynesian model with unemployment to predict the effects of different labor market institutions on …

their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

what extent business cycles or unemployment levels influence entries into entrepreneurship. Our analysis for Germany … reveals that there is a positive relationship between unemployment rates and start-up activities. Moreover, new business … disentangling periods of low and high unemployment we find that the effect of unemployment on new business formation is only …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … market volatility and Okun's elasticity over the business cycle. Second, we highlight a key mechanism linking financial … shock. Third, we present evidence coherent with the idea that more leveraged sectors experience larger employment volatility …

Standard macroeconomic models underpredict the volatility of unemployment fluctuations. A common solution is to assume … jobs. This form of wage rigidity does not affect job creation and thus cannot explain the unemployment volatility puzzle …

volatility of both inflation and unemployment differentials. Finally, we show that it is important to take into account the … and real wage rigidities. In our analysis, we focus on the differentials in inflation and unemployment between countries … inflation and unemployment differentials. Second, we find that asymmetries in labor market structures tend to increase the …

counteract a steep increase in unemployment. We show that short-time work can actually save jobs. However, there is an important … component appears to be completely ineffective. In a case study for Germany, we use the rich data available to combine micro …

density function with higher density and thereby generate large, asymmetric job-finding rate and unemployment reactions. Our …

distinguishing job-to-job, job-to-unemployment, and other transitions. We find that job-to-job transitions are pro-cyclical, while … unemployment transitions are counter-cyclical. Individuals most affected by the economic crisis tend to be young males, living in … regions with high unemployment rates, with low qualifications and working in manual occupations (particularly construction …