RES in 1990 captures the likelihood for individuals to loose their job in the transition years following 1990. The construction of the variable is explained in detail in the Online Appendix. Unemployment Experience between 1991–1999 and Years of Unemployment between 1991–1999 are constructed by onl...
The results for changes in life satisfaction (Panel B) are even stronger. This can be explained by both a comparably lower life satisfaction in the GDR (compared to the general population, see Table 2) and a relatively higher life satisfaction in the new system. Former supporters experienced ...
Presently we are looking at inflation, slow job growth, shortages of materials, and even long lines for gasoline. While the gasoline shortage was only a temporary one affecting only a portion of the country, it was caused by a pipeline shutdown. This was exacerbated by the fact that Presiden...