lower, when compared to Spain. This suggests that the hardship of being unemployed is higher in Portugal. Unemployment …, can explain this disparity. In this chapter we present some estimates of the loss of consumption suffered by unemployed …In Portugal real wage flexibility, at the macroeconomic level, is noticeably higher, while unemployment duration is …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … indicate that in the South consumption should fall more than in the North when the male household head becomes unemployed. This … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with …

payments (e.g. tax rebates) are spent on non-durable household consumption in the quarter that they are received. We develop a … Finances. A version of the model parametrized to the 2001 tax rebate episode is able to generate consumption responses to …