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...

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Chi tiết về thư mục
Những tác giả chính:	Browning, M, Crossley, T
Định dạng:	Journal article
Ngôn ngữ:	English
Được phát hành:	MIT Press 2009

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