of unemployment and wages or wage incomes. Participation rates and migrations are also touched upon. An expectation that … equilibrium values of relative wages and rates of unemployment after a business cycle. …

, sector division, unemployment and welfare. …

consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from … externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of …

economies (EMEs) by building a framework with equilibrium unemployment and firm entry that incorporates key elements of the …-employment, labor participation, and unemployment. As a result, the tax generates output and welfare losses. Green technology adoption …

Private consumption demand falls in response to increased unemployment risk during a recession, as households increase … unemployment risk is more important than realized unemployment shocks in accounting for durable expenditure dynamics during … recessions, while the opposite is true for nondurables. The importance of anticipation of future unemployment risk also means …

financial risks on consumption choices in the Mediterranean Region. The analysis is carried out using time series aggregate data … significantly influence consumption dynamics. Our estimates of the indexes of relative risk aversion and relative prudence, as well …

We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic …

is not consumption. We propose an alternative borrow-to-invest motive by which house price gains affect household … reducing access to leveraged returns and so reducing lifetime resources, rather than through consumption smoothing. …

This paper compares the main findings from the third wave of the Household Finance and Consumption Survey (HFCS) for …