Shocks, Stocks, and Socks: Smoothing Consumption over a Temporary Income Loss.

Shocks, Stocks, and Socks: Smoothing Consumption over a Temporary Income Loss.

We investigate how households in temporarily straitened circumstances due to an unemployment spell cut back on expenditures and how they spend marginal dollars of unemployment insurance (UI) benefit. Our theoretical and empirical analyses emphasize the importance of allowing for the fact that househ...

書誌詳細
主要な著者:	Browning, M, Crossley, T
フォーマット:	Journal article
言語:	English
出版事項:	MIT Press 2009

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