In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is … lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment … benefits and family insurance, which are the main buffer against unemployment and have played different roles in both countries …

We use a Canadian survey of the unemployment to examine how household expenditures after a job loss respond to the …

mandated unemployment insurance (UI) and employment protection (EP). To illuminate the forces in these models, we study how UI … higher layoff taxes suppress frictional unemployment in less turbulent times, prevails in the models with labour market … impossible to include generous government-supplied unemployment insurance in that model without getting the unrealistic result …

We use data from the 2009 Internet Survey of the Health and Retirement Study to examine the consumption impact of … wealth shocks and unemployment during the Great Recession in the US. We find that many households experienced large capital …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … smaller consumption losses in Spanish and Italian households. We discuss this finding in the light of different market and …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

We construct an overlapping generations model with unemployment risk where wages, employment and severance payments are … set through efficient bargaining between risk averse Unions and risk neutral firms. Assuming that a First Best cannot be … a market economy. We prove that the latter generates too little employment and consumption smoothing, an excessive young …

inequality and raises unemployment, but expected welfare gains are ensured if workers are risk neutral. And while wage inequality …

appears that the activation program is very effective. The median unemployment duration of the control group is 14 weeks …

The single most likely way to leave the unemployment insurance (UI) register in Hungary is not by getting a job but by …