This paper investigates the optimal retirement of an individual in the presence of involuntary unemployment risks and … involuntary unemployment risks and frictions in unemployment insurance markets. Using reasonably calibrated parameters, we observe … that high involuntary unemployment intensity and loading factors could be important explanations for the empirical findings …

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 …

We study how unemployment affects 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 …

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 overindebtedness increased by more than 10%, suggesting that another unemployment shock could have a major …

-term unemployment spells to have permanent effects on subsequent labor income prospects. The risk of losing future labor income could …