This study investigates how shocks in economic conditions at entry into the labour market affect wages of low and medium-skilled workers over a large part of their careers. We use detailed German employment data in which we follow a large sample of workers from entry up to 19 years in the labour market. Long-term effects of initial economic conditions on wages are identified using variation in ...

This paper extends the Pissarides (2000) model of the labor market to include crime and punishment à la Becker (1968). The model is used to study, analytically and quantitatively, the effects of various labor market and crime policies. For instance, a more generous unemployment insurance system reduces the crime rate of the unemployed but its effect on the crime rate of the employed depends on ...

Decomposing the Ins and Outs of Cyclical Unemployment This paper analyzes the contribution of the socioeconomic and demographic composition of the pool of employed and unemployed individuals to the dynamics of the labor market in different phases of the business cycle. Using individual level data from the Current Population Survey (CPS), we decompose differences in employment status transition ...

AMSTERDAM Summarv. There are significant spatial variations in inflows and outflows of unemployment in the Netherlands. In the present paper an attempt is made at providing an explanatory framevork for differences in (male) unemployment inflow rates for Dutch provinces. This partial analysis of spatial differences in unemployment uses a multiple regression analysis to identify the relative impo...

Longitudinal studies at the level of individuals find that employees who lose their jobs are at increased risk of death. However, analyses of aggregate data find that as unemployment rates increase during recessions, population mortality actually declines. We addressed this paradox by using data from the US Department of Labor and annual survey data (1979–1997) from a nationally representative ...

T he performance of the U.S. economy in the late 1990s was very good by most measures. Overall growth was robust; and both the unemployment rate and inflation were at the lowest levels in over 30 years. But for many economists, delight in the economy's strong performance was tempered by puzzlement, even consternation. Since the 1960s, unemployment rates below 6 percent or so had been associated...

This paper extends the Pissarides (2000) model of the labor market to include crime and punishment à la Becker (1968). All workers, irrespective of their labor force status can commit crimes and the employment contract is determined optimally. The model is used to study, analytically and quantitatively, the effects of various labor market and crime policies. For instance, a more generous unempl...