purpose, we specify a structural life-cycle model of the labor supply and savings decisions of singles and married couples …. Partial insurance against wage and employment shocks is provided by social programs, savings, and the labor supplies of all …

and savings decisions of singles and married couples. Partial insurance against wage and employment shocks is provided by … social programs, savings and the labor supplies of all adult household members. The optimal policy mix focuses mainly on …

(plans that depend on workers' unemployment history) in economies with and without hidden savings. We show that optimal … welfare significantly in the absence of hidden savings. However, welfare gains are much lower when we consider hidden savings …

Unemployment Insurance Savings Accounts (UISAs) entitle workers to unemployment benefits at the expense of future …

We consider both theoretically and empirically the effect of unemployment insurance (UI) on precautionary savings … that UI crowds out up to one-half of private savings for the typical unemployment spell. We also find that this effect is …

We consider both theoretically and empirically the effect of unemployment insurance (UI) on precautionary savings … that UI crowds out up to one-half of private savings for the typical unemployment spell. We also find that this effect is …

in the reforming country, employed workers increase their precautionary savings to compensate for reduced government …-provided insurance. A portion of these additional savings flows to the non-reforming country and depresses long-term consumption due to … aggregate savings and net foreign assets, the increase of net exports, the real exchange rate depreciation within the Eurozone …