matched employee-employer data from Brazil, we find that displaced workers eligible for both UI and SP increase consumption at … dissave the lump-sum progressively to smooth consumption after layoff. Using de-identified high-frequency expenditure data and … layoff by 35% despite experiencing a 17% consumption loss after they stop receiving any benefits. Moreover, this sensitivity …

matched employee-employer data from Brazil, we find that displaced workers eligible for both UI and SP increase consumption at … dissave the lump-sum progressively to smooth consumption after layoff. Using de-identified high-frequency expenditure data and … layoff by 35% despite experiencing a 17% consumption loss after they stop receiving any benefits. Moreover, this sensitivity …

consumption flows; Net societal accumulation of stocks of productive resources; Income distribution; and Economic security. Since …

-being (consumption flows, stocks of wealth, income equality, and economic security) from the lens of the Index of Economic Well-being, a …

tension between worker-firm wage bargains and consumption smoothing: entry wages respond to expected future severance payments … by tilting downwards, which runs counter to having a smooth consumption path. Quantitatively, we find that these wage …

, can explain this disparity. In this chapter we present some estimates of the loss of consumption suffered by unemployed …

. Job displacement insurance is presumably designed to offset these losses, but evidence suggests that consumption smoothing … functions as scheduled (partial) unemployment insurance and scheduled wage insurance. Consumption smoothing over time through …