Consumption in the shadow of unemployment

Campos, Rodolfo G.; Reggio, Iliana

doi:10.1016/j.euroecorev.2015.04.006

Cited by 30 publications

(22 citation statements)

References 34 publications

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“…See also Bach (1998) for one of the only papers documenting adverse selection in a UI context in which mortgage insurance companies provide mortgage payments in the event of job loss. 8 For example, see Guiso et al (1992); Dynan (1993); Hubbard et al (1994); Samwick (1997, 1998); Carroll et al (2003); Lusardi (1997Lusardi ( , 1998; Engen and Gruber (2001); Guariglia and Kim (2004); Bloemen and Stancanelli (2005); Barceló and Villanueva (2010); Campos and Reggio (2015); Brown and Matsa (2015). Most closely, Basten et al (2012) and Gallen (2013) find evidence of ex-ante savings increases in response to future unemployment in Norway and Denmark.…”

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confidence: 98%

Knowledge of Future Job Loss and Implications for Unemployment Insurance

Hendren¹

2017

American Economic Review

122

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This paper studies the implications of individuals’ knowledge of future job loss for the existence of an unemployment insurance (UI) market. Learning about job loss leads to consumption decreases and spousal labor supply increases. This suggests existing willingness to pay estimates for UI understate its value. But it yields new estimation methodologies that account for and exploit responses to learning about future job loss. Although the new willingness to pay estimates exceed previous estimates, I estimate much larger frictions imposed by private information. This suggests privately traded UI policies would be too adversely selected to be profitable, at any price. (JEL D82, D83, G22, J22, J64, J65)

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confidence: 98%

Knowledge of Future Job Loss and Implications for Unemployment Insurance

Hendren¹

2017

American Economic Review

122

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confidence: 98%

Knowledge of Future Job Loss and Implications for Unemployment Insurance

Hendren

2015

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for helpful research assistance. Early versions of Sections 4 and 6 of this paper appeared in the second chapter in my MIT PhD thesis and also circulated under the title "Private Information and Unemployment Insurance". Support from NSF Graduate Research Fellowship and the NBER Health and Aging Fellowship, under the National Institute of Aging Grant Number T32-AG000186 is gratefully acknowledged. The views expressed herein are those of the author and do not necessarily reflect the views of the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer-reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications.

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“…Article 45, Treaty on the Functioning of the European Union (ex article 39 of TEC and ex article 48 of EEC); see https://eur-lex.europa.eu/eli/treaty/ tfeu_2008/art_45/oj. 4 SeeCampos and Reggio (2015) for the relationship between labour market uncertainty and consumption andBarceló and Villanueva (2016) for the effect of permanent contracts on household consumption and wealth accumulation.5 A similar identification strategy has been adopted by recent papers that study the labour market effects of the 2004 enlargement (see Elsner 2013a and 2013b, Ruhs 2017, Ruhs and Wadsworth 2018).6 Although Iceland is among the candidate countries, their nationals can work in Italy as well as in other EU countries since they belong to the European Economic Area. Therefore, we do not consider Icelanders as part of our control group.…”

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confidence: 99%

Not just a work permit: EU citizenship and the consumption behaviour of documented and undocumented immigrants

Adamopoulou

Kaya

2020

Canadian J of Economics

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This paper explores the impact of the 2007 European Union enlargement on the consumption behaviour of immigrant households. Using data from a unique Italian survey and a difference-indifferences approach, we find that the enlargement induced a significant consumption increase for the immigrant households from new member states both in the short and in the medium run. This enlargement effect cannot be attributed to the mere legalization as it concerns both undocumented and documented immigrants, albeit through different channels. Detailed information on immigrants' legal status (undocumented/documented) and sector of employment (informal/formal) allows us to shed light on the exact mechanisms. Following the enlargement, previously undocumented immigrants experienced an increase in the labour income by moving from

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Consumption in the shadow of unemployment

Cited by 30 publications

References 34 publications

Knowledge of Future Job Loss and Implications for Unemployment Insurance

Knowledge of Future Job Loss and Implications for Unemployment Insurance

Knowledge of Future Job Loss and Implications for Unemployment Insurance

Not just a work permit: EU citizenship and the consumption behaviour of documented and undocumented immigrants

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