households' consumption expenditures and their perceived pass-through of the tax change into prices to quantify its effects. The … consumption spending by 34 billion Euros. …

changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …

unemployment benefits; we find that the MW is preferred by the majority of workers (even when the unemployed receive very generous … unemployment benefits). In the second model, the government engages in redistribution through the public provision of private goods … given generosity of the unemployment benefit scheme, the maximum, politically viable, MW is lower than in the absence of in …

likely to exist also in other countries. -- unemployment ; optimal unemployment insurance ; liquidity constraints ; mental …

This paper studies the effect of two labor market institutions, unemployment insurance (UI) and job search assistance … search unemployment, skill depreciation during unemployment, and idiosyncratic as well as aggregate labor market risk. The …

accumulation. Per dollar of income, workers with more stable careers hold more wealth. We also develop a life-cycle consumption …, consumption, and wealth dynamics. Using the structural model, we explore the consequences of heterogeneity in job stability at the …-lasting scars. The income and consumption level for a worker who starts working life from an unstable job is, even 25 years later, 5 …