Cotton, Christopher D.; Garga, Vaishali; Rohan, Justin - 2022 - This version: November 2021
unemployment in the future that lowers expected future income, they will save more today. In this paper, we test this hypothesis by … looking at the expenditure response of workers to the change in unemployment risk measured at the occupational level. We find … that occupational unemployment risk does not have a large impact on consumption expenditure. However, despite investigating …
