at risk in the euro area and in the United States. We model the asymmetry of the shocks to changes in the unemployment … the unemployment rate displays time-varying volatility and skewness, with peaks coinciding with the Global Financial … risk defined as the possible joint event of large increases in the unemployment rate and large annual rates of inflation …

a latent mortality variable and of unemployment and GDP growth as main business cycle indicators. We find that young … the other age classes between childhood and old age react with lower mortality to increased unemployment or decreased GDP …