Using comparable survey data from twelve European countries we investigate households' attitudes towards mortgage indebtedness. We find that a given debt burden creates much higher distress in Southern countries, France and Belgium, where fewer households have a mortgage outstanding relative to countries where a sizeable part of the population uses mortgage debt, like the UK, the Netherlands, ...
Purpose - The aim of this paper is to model the dynamic path of adjustment towards pre-unemployment levels of wellbeing for a group of full-time workers who experienced job loss. Design/methodology/approach - Based on data from the German Socio-economic Panel, a large-scale panel survey, the paper captures the non-linear nature of the adaptation process by using an Exponential Smooth Transition Autoregressive ...