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Should unemployment insurance be asset-tested?
Koehne, Sebastian; Kuhn, Moritz - 2013
We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset testing has two counteracting effects on welfare. On the one hand, it improves consumption insurance by introducing state contingent transfers to agents most in need. On the...
Persistent link: https://www.econbiz.de/10009766145
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Buffer-stock saving and households' response to income shocks
Fella, Giulio; Frache, Serafin; Koeniger, Winfried - 2016
We use the Italian Survey of Household Income and Wealth, a rather unique dataset with a long time dimension of panel information on consumption, income and wealth, to structurally estimate a buffer-stock saving model. We exploit the information contained in the joint dynamics of income,...
Persistent link: https://www.econbiz.de/10011572286
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Short-time work and precautionary savings
Dengler, Thomas; Gehrke, Britta - 2021
, which mitigates their precautionary savings motive and aggregate demand falls by less. Using a quantitative model analysis …
Persistent link: https://www.econbiz.de/10012517675
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Household saving and full consumption over the life cycle
Apps, Patricia; Rees, Ray - 2001
This paper extends the standard model of life cycle consumption, saving and labor supply in a number of directions. First, it argues that consumption should be defined as expenditure on household production as well as on market goods, that is, we are interested in life cycle profiles of full...
Persistent link: https://www.econbiz.de/10011401086
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The effect of gender-targeted conditional cash transfers on household expenditures : evidence from a randomized experiment
Armand, Alex; Attanasio, Orazio P.; Carneiro, Pedro; … - 2016
This paper studies the differential effect of targeting cash transfers to men or women on the structure of household expenditures on non-durables. We study a policy intervention in the Republic of Macedonia, offering cash transfers to poor households, conditional on having their children...
Persistent link: https://www.econbiz.de/10011521158
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Transitory income changes and consumption smoothing: evidence from Mexico
Angelucci, Manuela; Chiapa, Carlos; Prina, Silvia; … - 2021
We study how 3,534 beneficiaries of PROSPERA, Mexico's cash transfer program, smooth food consumption around the transfer payday, an anticipated and transitory income shock. We find that food consumption and food security do not change around the transfer payday, including for recipients with...
Persistent link: https://www.econbiz.de/10012550048
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Family finances and debt overhang : evolving consumption patterns of Spanish households
Sala, Hector; Trivín, Pedro - 2022
This paper studies the direct impact of households' debt on consumption over the business cycle. We use household-level panel data for Spain, and focus on a interesting period of analysis, 2002-2017, characterized by large variations in leverage, consumption, and asset prices. We find that debt...
Persistent link: https://www.econbiz.de/10013184105
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A bigger house at the cost of an empty fridge? : the effect of households' indebtedness on their consumption: micro-evidence using Belgian HFCS data
Du Caju, Philip; Périlleux, Guillaume; Rycx, François; … - 2021
This paper investigates the potentially non-linear relation between households' indebtedness and their consumption between 2010 and 2014 in Belgium, using panel data from the two waves of the Household Finance and Consumption Survey. Unlike previous studies, we find a negative effect of...
Persistent link: https://www.econbiz.de/10012486606
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Regular versus lump-sum payments in union contracts and household consumption
Adamopoulou, Effrosyni; Zizza, Roberta - 2017
We use information on monthly wage increases set by collective agreements in Italy and exploit their variation across sectors and over time in order to examine how household consumption responds to different types of positive income shocks (regular tranches versus lump-sum payments). Focusing on...
Persistent link: https://www.econbiz.de/10011607486
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Savings and prize-linked savings accounts
Atalay, Kadir; Bakhtiar, Fayzan; Cheung, Stephen L.; … - 2012
Many households have insufficient savings to handle moderate and routine consumption shocks. Many of these financially …-Linked Savings (PLS) accounts, that combine principal-security with lottery-type jackpots, can increase savings among these at …-risk households. Results from an online experiment show that the introduction of PLS accounts increase total savings and reduce …
Persistent link: https://www.econbiz.de/10009631456