The causes and consequences of long-term unemployment (Inaugural lecture)
May
05
05:00 PM - 05:45 PM
Video
Out of work, out of luck?
Why do some people remain unemployed for months or even years, while others quickly find new work? Can we predict who is at risk of long-term unemployment, and should we intervene earlier, smarter, and more precisely? These questions are not only of academic interest, but of central importance to societies. Understanding the root causes of long-term unemployment and designing effective labor market policies is essential – not just for economic efficiency, but for social cohesion and individual dignity.
Why do some people remain unemployed for months or even years, while others quickly find new work? Can we predict who is at risk of long-term unemployment, and should we intervene earlier, smarter, and more precisely? These questions are not only of academic interest, but of central importance to societies. Understanding the root causes of long-term unemployment and designing effective labor market policies is essential – not just for economic efficiency, but for social cohesion and individual dignity.
Overview
Tackling the issue of long-term unemployment is a long-standing challenge for labor market policy. Prolonged periods of joblessness are associated with worse economic outcomes, including lower job-finding rates, reduced re-employment wages, and less stable jobs. These challenges become even more pressing during economic downturns, when the incidence of long-term unemployment rises sharply. Despite the policy relevance of this issue, its underlying causes remain poorly understood. Andreas I. Mueller argues that the long-term unemployed are fundamentally distinct in their job search behavior and employment prospects. His research evaluates the potential for labor market policies to better target those most at risk of prolonged unemployment.
Newly appointed professors get an opportunity to hold an inaugural lecture within a year of their appointment. This presentation offers a fascinating insight into their research. The lectures are open to the public and followed by a cocktail reception in the UZH Lichthof. The events are centrally organised by the University of Zurich.
Tackling the issue of long-term unemployment is a long-standing challenge for labor market policy. Prolonged periods of joblessness are associated with worse economic outcomes, including lower job-finding rates, reduced re-employment wages, and less stable jobs. These challenges become even more pressing during economic downturns, when the incidence of long-term unemployment rises sharply. Despite the policy relevance of this issue, its underlying causes remain poorly understood. Andreas I. Mueller argues that the long-term unemployed are fundamentally distinct in their job search behavior and employment prospects. His research evaluates the potential for labor market policies to better target those most at risk of prolonged unemployment.
Newly appointed professors get an opportunity to hold an inaugural lecture within a year of their appointment. This presentation offers a fascinating insight into their research. The lectures are open to the public and followed by a cocktail reception in the UZH Lichthof. The events are centrally organised by the University of Zurich.
Speaker
Professor of Macroeconomics and Labor Markets
Andreas I. Mueller holds the Professorship for Macroeconomics and Labor Markets at the Department of Economics at the University of Zurich and is an Affiliated Professor at the UBS Center for Economics in Society. Prior to joining the University of Zurich, he was an Associate Professor at UT Austin and Columbia Business School. Mueller received his doctorate from the IIES, Stockholm University, and was awarded the Arnbergska Prize for his dissertation work by the Royal Swedish Academy of Sciences. His research spans a broad spectrum of issues in macroeconomics, labor economics, and monetary economics and has been published in leading academic journals such as the American Economic Review, Econometrica, the Journal of Political Economy and the Review of Economic Studies and covered in the Economist, New York Times, Wall Street Journal and Financial Times. Professor Mueller is a Research Affiliate at the Center for Economic Policy Research (CEPR), a Research Fellow at the Institute of Labor Economics (IZA), and an Associate Editor at the Swiss Journal of Economics and Statistics and the Journal of Monetary Economics.
Professor of Macroeconomics and Labor Markets
Andreas I. Mueller holds the Professorship for Macroeconomics and Labor Markets at the Department of Economics at the University of Zurich and is an Affiliated Professor at the UBS Center for Economics in Society. Prior to joining the University of Zurich, he was an Associate Professor at UT Austin and Columbia Business School. Mueller received his doctorate from the IIES, Stockholm University, and was awarded the Arnbergska Prize for his dissertation work by the Royal Swedish Academy of Sciences. His research spans a broad spectrum of issues in macroeconomics, labor economics, and monetary economics and has been published in leading academic journals such as the American Economic Review, Econometrica, the Journal of Political Economy and the Review of Economic Studies and covered in the Economist, New York Times, Wall Street Journal and Financial Times. Professor Mueller is a Research Affiliate at the Center for Economic Policy Research (CEPR), a Research Fellow at the Institute of Labor Economics (IZA), and an Associate Editor at the Swiss Journal of Economics and Statistics and the Journal of Monetary Economics.
Venue
Universität Zürich
KOL-G-201, Rämistrasse 71, 8006 Zürich
(Google Maps)