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 …

; employment conditions ; unemployment rates ; Group of 7 (G7) ; Japan …

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …

We study asset-tested unemployment insurance in an incomplete markets model with moral hazard during job search. Asset … incentive to save and fewer private resources are used for consumption smoothing during unemployment. Our results show that in a … time-discount factors. We conclude that the current U.S. unemployment insurance system is approximately optimal. …

on household debt and unplanned savings over 2020. We merge data from the Survey of Financial Security and the Survey of …). Differential impact on household incomes resulting from unemployment and reduced hours play an important role in driving household … debt and savings. We highlight two other important channels. First, income replacement programs (notably CERB) only …

its transmission mechanism and on comparing the consumption response of urban and rural households, especially in China … consumption, the precautionary saving channel and the investment-employment channel. Then, we use the household survey data (China …

how easier home financing and higher homeownership rates increase unemployment rates. To this purpose we build a model of … decline while job loss rates increase, causing the overall unemployment rate to rise. We estimate this model structurally … requirements, increase unemployment rates by 6 percent points. We also find that declining labor demand decreases homeownership …

, unemployment, house prices, credit scores, debt, financial assets, expectations, foreclosures, and inequality on county … housing wealth, and fluctuations in unemployment are the most important determinants of consumption, significantly so in all …

In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel … empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with … Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe …