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...

Полное описание

Библиографические подробности
Главные авторы:	Browning, M, Crossley, T
Формат:	Journal article
Язык:	English
Опубликовано:	MIT Press 2009

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