The Great Recession triggered a resurgence of short-time work (STW) throughout the OECD. Several countries introduced … recession. In this paper we analyse the rationale for short time work benefits and their effects on labour adjustment from both … Great Recession. However, the number of jobs saved, according to our macroeconomic estimates, is smaller than the full …

This study aims at estimating the stigma effect of unemployment and overeducation within one framework. To this end, we … from the employer side, we find evidence for a larger stigma effect of unemployment than overeducation. The stigma effect …

This paper analyzes Germany's unusual labor market experience during the Great Recession. We estimate a general … driver for the "German labor market miracle" during the Great Recession …

This paper analyzes the strikingly different response of unemployment to the Great Recession in France and Spain. Their … labor market institutions are similar and their unemployment rates just before the crisis were both around 8%. Yet, in … France, unemployment rate has increased by 2 percentage points, whereas in Spain it has shot up to 19% by the end of 2009. We …

The recent financial crises, alongside a dramatic rise in unemployment on both sides of the Atlantic, suggest that … on liquidity are hit disproportionally hard. This may explain why the unemployment rate in the US during the Great … Recession increased more than in European countries experiencing larger output losses. Empirically, the paper uses a variety of …

This paper assesses the impact that the 2009 Great Recession had on individual's transitions to and from unemployment … factor in both supporting unemployment exits and reducing the risk of becoming unemployed since the recession. The scarring … impact of long-term unemployment appears to have fallen substantially in Ireland post-recession. The results from a …

interact and affect the evolution of unemployment rates and participation rates, the two main indicators of labour market … performance. Our analysis has two special features. First, apart from the two labour market states - employment and unemployment … that a shock to the net flow from unemployment to employment drive the unemployment rate and the participation rate in …

Since the last recession, it is usually argued that older workers are less affected by the economic downturn because … their unemployment rate rose less than the one of prime-age workers. This view is a myth: older workers are more sensitive …

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

This paper provides revealed-preference estimates of the monetary value of avoiding job search in a high-unemployment … home-state unemployment rate. Comparing these estimates to realized losses in post-service civilian earnings resulting from … exiting the military during times of high unemployment suggests that mitigating factors (e.g., leisure, private and public …