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We provide comprehensive evidence on the consequences of automation risk on the career of unemployed workers and the mitigating role of labor market training. Using almost two decades of administrative data for Austria, we find that a higher risk of automation reduces the job finding probability; a problem which has increased over the past years. This development is associated with increasing re-employment wages and job stability. We also present new aspects of public training in times of technological progress. Provided training counteracts the negative impact of automation on the job finding probability. Its efficiency has declined over the past years, however.

I investigate the impact of parental unemployment on children's educational attainment and long-run labor market outcomes in Austria. I find that parental unemployment shortly before an important educational decision by parents for their children lowers a child's probability of holding a university degree by more than 5 percentage points. I do not find that income is affected at the beginning of a child's labor market career along the distribution, but I find a gradual deterioration later on. A substantial share of these long-term losses can be explained by the lower parental investment decision. My results emphasize the intergenerational and longlasting consequences of parental unemployment. Ich untersuche die Auswirkungen elterlicher Arbeitslosigkeit auf das Bildungsniveau und den langfristigen Arbeitsmarkerfolg von Kindern. Es zeigt sich, dass elterliche Arbeitslosigkeit kurz vor einer wichtigen Bildungsentscheidung der Eltern für ihre Kinder die Wahrscheinlichkeit, dass ein Kind einen Hochschulabschluss erlangt, um mehr als 5 Prozentpunkte verringert. Elterliche Arbeitslosigkeit hat keine Auswirkungen auf das Einkommen der Kinder zu Beginn ihrer Arbeitsmarktkarriere, aber ich finde zunehmende und langfristige Einkommensverluste. Ein wesentlicher Teil dieser langfristigen Verluste lassen sich durch eine geringere Investitionsentscheidung der Eltern erklären. Meine Ergebnisse unterstreichen die generationsübergreifenden und langfristigen Folgen von Arbeitslosigkeit.

The labor supply effects of becoming a grandmother are not well established in the empirical literature. We estimate the effect of becoming a grandmother on the labor supply decision of older workers. Under the assumption that grandmothers cannot predict the exact date of conception of their grandchild, we identify the effect of the first grandchild on employment (extensive margin). Our Timing-of-Events approach shows that having a first grandchild increases the probability of leaving prematurely the labor market. This effect is stronger when informal childcare is more valuable to the mother. To estimate the effect of an additional grandchild (intensive margin), we assume that the incidence of a twin birth among the third generation is not correlated with unobserved determinants of the grandmother's labor supply (first generation). Our respective instrumental variable estimations show a significant effect of further grandchildren. Our results highlight the important influence of the extended family on the decisions of older workers and point to mediating effects of different institutional settings.

I investigate the wage and employment effects of taking up interim jobs after displacement. Proposing a novel approach, I decompose the wage losses along the distribution into a channel due to the take up of interim employment and a channel which accounts for all other factors. I find that being employed in an interim job has negative effects on future wages over the whole distribution. I provide evidence that this is due to a trade-off between the probability of finding stable employment and higher wages. Assessing the sensitivity of my results, I show that they are robust to specific failures of my identifying assumptions.