This paper estimates the causal effect of long-term unemployment on wages. Job search theory implies that if … Unemployment Insurance (UI) extensions do not affect wages conditional on the month of unemployment exit, then reservation wages do … not bind on average. Then, UI extensions affect mean wages only through unemployment durations and are valid instrumental …

We show that workers displaced from their stable jobs during mass-layoffs in 1982 recession in Germany suffered … long-run loss is due to a decline in wages. We also show that even the generous German unemployment insurance system … Displacement ; Mass-Layoffs ; Unemployment Insurance System …

This paper evaluates the impact of large changes in the duration of unemployment insurance (UI) in different economic … environments on labour supply, job matches, and search behaviour. We show that differences in eligibility thresholds by exact age … unemployment spells and career histo-ries over twenty years from Germany. We find that increases in UI have small to modest effects …

This paper estimates the causal effect of long-term unemployment on wages. Job search theory implies that if … Unemployment Insurance (UI) extensions do not affect wages conditional on the month of unemployment exit, then reservation wages do … not bind on average. Then, UI extensions affect mean wages only through unemployment durations and are valid instrumental …