) insurance against employment risk and no insurance against persistent shocks. -- uncertainty ; life-cycle models ; unemployment … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …

stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …

) insurance against employment risk and no insurance against persistent shocks. -- Uncertainty ; life-cycle models ; unemployment … stamps which partially insure productivity risk is greater than the value of unemployment insurance which provides (partial …

This paper shows how uninsurable unemployment risk is crucial to qualitatively and quantitatively match macro responses … to uncertainty shocks. Empirically, uncertainty shocks i) generate deflationary pressure; ii) have considerably negative … jointly attain these results. Uncertainty shocks induce households' precautionary saving and firms' precautionary pricing …

larger earnings fluctuations than employees and that they frequently transition into unemployment. Given that the self …-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated … heterogeneity. This exercise suggests that extending the current U.S. unemployment insurance scheme to the self-employed comes with …