Bremus, Franziska M.; Kuzin, Vladimir - In: Journal of Macroeconomics 40 (2014) C, pp. 99-113
risk on households’ equity holdings. When incorporating long-term unemployment, the US-equity share drops. This negative … effect of unemployment is mainly driven by its high expected duration. In Germany, however, long-term unemployment does not … effects of unemployment on the portfolio choice of households in the US and in Germany. We distinguish short- and long-term …