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

stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial … frictions that allows us to distinguish between different sources of risk and to estimate their effects. The sources of risk are …. Estimates of productivity risk, once we control for employment risk and for individual labour supply choices, are substantially …

We study workers' idiosyncratic earnings risk over the life-cycle using a German administrative data set. Positive and … incomplete markets model. Moreover, age-varying risk implies a linear increase in consumption inequality late in working life …

German unemployment in the long term, and the cyclical sensitivity of the unemployment experience across demographic groups …. The analysis moves beyond that of unemployment rates to a detailed investigation of transition rates from employment to … unemployment and vice versa. While long-term differences across demographic groups are dominating the structure of both job loss …

Germany. The analysis distinguishes four types of career interruptions: unemployment, parental leave for female workers …

the dynamics. Microsimulations of synthetic cohorts reveal that many migrants experience unemployment spells, but ten … only increase the unemployment among migrants but also departure from the country. Scenarios also indicate that an increase …

This paper uses annual data drawn from the GSOEP to estimate individual earnings risk (labor market risk) in Germany … shocks to individual earnings.We find that both the transitory component and the permanent component of earnings risk have … been rising in West Germany in the 1990s and have remained at elevated levels in the 2000s. In contrast, labor market risk …

This paper analyzes the optimal response of the social insurance system to a rise in labor market risk. To this end, we … develop a tractable macroeconomic model with risk-free physical capital, risky human capital (labor market risk) and … (human capital) risk increases social welfare if the government adjusts the tax-and-transfer system optimally. Finally, we …