"The surprising story of how Algeria became part of the postwar European Economic Community-and why its membership ultimately ended. Challenging the narrative that postwar decolonization was separate from the establishment of an integrated Europe, the author shows how France used integration to...

We use a life cycle model of consumption and portfolio choice to study the effects of social security on the investment decisions of households for the European case. Our model is mainly based on the one developed by Cocco, Gomes, and Maenhout (2005). We extend it by unemployment risk using...

Households can rely on private savings or on public unemployment insurance to hedge against the risk of becoming unemployed. These hedging mechanisms are used differently across countries. In this paper, we use a life cycle model to study the effects of unemployment on the portfolio choice of...