This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment … risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment … during employment but dismissal delays insure partially against the unemployment risk because of moral hazard. During the …

reciprocal relationship. The variable considered are: unemployment, inflation, consumptions, investments and current accounts. We … between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test for the … relationship between unemployment and the Government deficit, e) we show the existence of a relationship between unemployment and …

By how much do employed households reduce their consumption when the aggregate unemployment rate rises? In Spain during … the Great Recession a 1 percentage point increase in the unemployment rate was related to a strong drop in household … of their expectations on future income growth rates: the shadow of unemployment. Using consumption panel data that …

reciprocal relationship. The variables considered are: unemployment, inflation, consumptions, investments and current accounts …-Okun relationship between investment and unemployment, c) we show the revival of the Phillips curve, especially in Germany, d) we test … for the relationship between unemployment and the Government deficit, e) we show the existence of a relationship between …

In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an … multiequational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a … and persistent shocks to consumption have long lasting effects on unemployment, both directly and indirectly, through …

In this paper we analyse the consequences of changes in the consumption patterns on unemployment through an … multiequational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a … and persistent shocks to consumption have long lasting effects on unemployment, both directly and indirectly, through …

In this paper we analyze the consequences of changes in the consumption patterns on unemployment through an …-equational model, in which we estimate a consumption function, an investment function and an unemployment rate equation, using a panel … persistent shocks to consumption have long lasting effects on unemployment, both directly and indirectly, through investment. Our …

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 … institutional frameworks. Given that the coverage and generosity of social welfare institutions are both higher in the North, and …