... in the future. J20 J24 J30 J60 Earned income Inactivity Long-term scarring effect Neither work nor study Twin-based estimation This study utilises for the first time a twin-based estimation method to measure the long-term effect of inactivity. Most studies focus solely on young people...

...-time work Working time accounts E20 E24 J20 J30 In the Great Recession in 2008 and 2009, Germany experienced a severe drop in GDP (6.6 percent from peak to trough) without a substantial rise in unemployment. This experience has become known as the “German labor market miracle” (Burda...

... 04 12 2015 26 04 2016 © Emerald Publishing Limited 2017 Emerald Publishing Limited Licensed re-use rights only Unemployment Great Recession DSGE models Rigidities E32 J20 J60 The Great Recession was extraordinary in its reach, depth and durability...