the income shock and that, for households with no savings at the time of job loss, unemployment benefits help smoothing …This paper investigates the consumption and savings behaviour of individuals that have experienced a job loss. Building … on the scant literature on the issue, we test for the impact of unemployment benefits on consumption levels of the …

expenditures on education and health; and (3) social indicators (inequality, unemployment, homicide rates, and schooling …

In this paper we analyse the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe. …

.S. experiencing a sharper rise in unemployment and, perhaps, more widespread loss of financial wealth than elsewhere in the G-7, the … relative rise of the U.S. savings rate is helping narrow global imbalances. But with a likely earlier recovery in the U …

the implications of this heterogeneity for unemployment insurance. We show theoretically how the optimal benefit can … depend significantly on borrowing constraints, and on other (non-precautionary) savings motives. We report empirical evidence …