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This paper introduces a novel consumption-based variable, cyclical consumption, and examines its predictive properties for stock returns. Future expected stock returns are high (low) when aggregate consumption falls (rises) relative to its trend and marginal utility from current consumption is...
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-related Unemployment Insurance. Reflecting that married couples obtain intra-household insurance by making labor supply choices for both … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010510507
-related Unemployment Insurance. Reflecting that married couples obtain intra-household insurance by making labor supply choices for both … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010517688
-related Unemployment Insurance. Reflecting that married couples obtain intra-household insurance by making labor supply choices for both … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010519552
-related Unemployment Insurance. Reecting that married couples obtain intra-household insurance by making labor supply choices for both … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income oor, with a minor role for temporary earnings …
Persistent link: https://www.econbiz.de/10010530687
-related Unemployment Insurance. Reflecting that married couples obtain intra-household insurance by making labor supply choices for both … social programs, savings, and the labor supplies of all adult household members. The optimal policy mix focuses mainly on … Social Assistance, which provides a permanent universal household income floor, with a minor role for temporary earnings …
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