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 …

This paper identifies the effect of variation in government-backed loan supply on unemployment exploiting regional …. This variation helps disentangling supply from demand effects. Higher loan supply reduces unemployment. Increasing the … between CHF 39,700 and CHF 52,400 per year. These costs are somewhat lower than unemployment benefits associated with the …

The Spanish economy is currently plagued by a deep recession with very high unemployment. We ask how much of the … unemployment increase in Spain can be traced back to the debt deleveraging needs of Spanish households. We use provincial household … debt and sectoral unemployment data and follow Mian and Sufi (2012) to isolate the effect of household debt on Spanish …