Previous literature has identified considerable non-pecuniary costs to macroeconomic fluctuation and uncertainty. The … present paper investigates whether and to what extent labor market institutions can mitigate those costs. We study how life … satisfaction of European citizens is affected by employment protection and the level and duration of unemployment benefit payments …

rather than accept a low-wage job. In this case, unemployment can serve as a signal of productivity, and unemployment … whose plant closed cannot be recalled, longer unemployment duration should not have a positive signaling benefit for such … that the wage/unemployment duration relation differs between the two groups in the predicted way, and finds evidence …

regional labour markets. However, distortions in extracting the regional unemployment effects arise in standard regional (i … unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage …

regional labour markets. However, distortions in extracting the regional unemployment effects arise in standard regional (i … unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage …

regional labour markets. However, distortions in extracting the regional unemployment effects arise in standard regional (i … unemployment is often ignored. Both issues are particularly important in high unemployment regimes like East Germany where a wage …

employer and may choose to remain unemployed rather than to accept a low-wage job. In this case, unemployment can serve as a … signal of productivity, and duration of unemployment may be positively related to post-laid-off wages even among workers who … are not recalled. In contrast, because workers whose plant closed cannot be recalled, longer unemployment for them should …

employer and may choose to remain unemployed rather than to accept a low-wage job. In this case, unemployment can serve as a … signal of productivity, and duration of unemployment may be positively related to post-laid-off wages even among workers who … are not recalled. In contrast, because workers whose plant closed cannot be recalled, longer unemployment for them should …