endogenous firing as well as a short-time work decision. In recessions, short-time work reduces the unemployment risk of workers …, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis … replacement rate can be more effective compared to an increase of the unemployment benefit replacement rate. …

how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of … decline while job loss rates increase, causing the overall unemployment rate to rise. We estimate this model structurally … requirements, increase unemployment rates by 6 percent points. We also find that declining labor demand decreases homeownership …

This study investigates the short-term impacts of unemployment in Singapore, a setting without public unemployment … income, spending, health, and subjective well-being over two years post-unemployment. Our findings reveal substantial initial … earnings losses with incomplete recovery, as income remains 50.6% below pre-unemployment levels after 24 months. Despite this …

producing human capital. We also demonstrate that this attenuation effect tends to concentrate generational consumption risk … into an i.i.d. generational consumption shock. In other words, each generation bears all of the risk associated with their …

in direction and magnitude with the ones from objective unemployment and being out of the labor force. However, our …

We estimate the changes in US male labor market risk over the last three decades in a model of endogenous labor supply … a life-cycle model with search frictions, we show that the estimated changes in risk can account for 85 percent of the … increase in within group wage inequality. The welfare costs of rising risk are small. …

changes in household savings are negatively related to exogenous income shocks, with this relationship strongest for low … wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …