investments, reduced unemployment and increased labor migration. In the paper the system dynamics model, which describes …

We present theoretical and empirical results on consumption during an enmployment spell. …

structural and cohesion funds, removed the trading barriers, increases foreign investments, reduced unemployment, increased labor …

risks. Without income insurance, consumption rises during employment and falls during unemployment. Optimal employment …This paper derives optimal employment contracts when workers are risk averse and there are employment and unemployment … contracts offer severance compensation and sometimes give notice before dismissal. Severance compensation smoothes consumption …

unemployment level; c) mild deflation set in as a consequence of the consumption slump and oil price decline; d) breaks dates for …, France, Spain and Italy, from 1999 to 2013, estimating their long-term relationships. We focus on employment and unemployment … as the main imbalances and identify consumption and investment slumps, prompted by fiscal consolidation, as the causes …

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

consumption flows; Net societal accumulation of stocks of productive resources; Income distribution; and Economic security. Since …

consumption by running down their assets, while the employed save to buffer against future unemployment spells. I also show that …, unlike in models with exogenous income streams, unemployment transfers, by allowing agents to attain higher wages do not …