or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment …

-term unemployment spells to have permanent effects on subsequent labor income prospects. The risk of losing future labor income could …

unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by … looking at the expenditure response of workers to the change in unemployment risk measured at the occupational level. We find … that occupational unemployment risk does not have a large impact on consumption expenditure. However, despite investigating …