Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2015
We study how unemployment effects the over-indebtedness of households using the new European Household Finance and … to country specific results, the role of unemployment varies widely across countries. In Spain, France or Portugal, for … households plagued by over-indebtedness increased by more than 10%, suggesting that another unemployment shock could have a major …