We study unemployment insurance in a framework where the main source of heterogeneity among agents is the type of … household they live in: some agents live alone while others live with their spouses as a family. Our exercise is motivated by … the fact that married individuals can rely on spousal income to smooth labor market shocks, while singles cannot. We …

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … 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 …

heterogeneity. Our model allows for four main social insurance programmes. In contrast to simpler models that attribute all income … 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 …

-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated …. This exercise suggests that extending the current US unemployment insurance scheme to the self-employed comes with a clear …

-employed are not eligible to unemployment insurance, I analyze the provision of benefits targeted at these risks using a calibrated …. This exercise suggests that extending the current US unemployment insurance scheme to the self-employed comes with a clear …

U.S. consumption has gone through steep ups and downs since 2000. We quantify the statistical impact of income …, it depends on a large number of variables whose explanatory power varies by subperiod. Growth of income, growth of …

We develop and estimate a model of family job search and wealth accumulation. Individuals' job finding and job … of Income and Program Participation (SIPP). This dataset reveals a very asymmetric labor market for household members …