high household debt leads to high unemployment. Even though households borrow from banks via bilaterally optimal contracts …

to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the … modelled as a function of unemployment, the average debt per borrower, consumer sentiment, and financial stress, using a logit … and probit binomial model. The specification tests support that no relevant variable was omitted. Unemployment and the …

, unemployment, house prices, credit scores, debt, financial assets, expectations, foreclosures, and inequality on county … housing wealth, and fluctuations in unemployment are the most important determinants of consumption, significantly so in all …

budgets can be negatively affected by declines in nominal wages and increases in unemployment. We empirically test this effect … household default rates and unemployment. We find that potential household insolvencies have important implications for the …

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 …