| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP16131 |
| DP16131 How Do Households Respond to Job Loss? Lessons from Multiple High-Frequency Data Sets | |
| Asger Lau Andersen; Amalie Jensen; Niels Johannesen; Claus Thustrup Kreiner; Adam Sheridan | |
| 发表日期 | 2021-05-09 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | How do households respond to job loss, and which self-insurance channels are most important? By linking high-frequency customer data from the largest bank in Denmark with government administrative registers, we quantify a broad range of responses to job loss in a unified empirical framework. Two responses stand out: during the first 24 months after job loss, reductions in household spending account for 30% of the income loss, while lower saving in liquid assets accounts for 50%. Other response margins highlighted in the literature - spousal labor supply, private transfers, home equity extraction, mortgage refinancing, and consumer credit - are less important. |
| 主题 | Labour Economics ; Public Economics |
| 关键词 | Cost of unemployment Social insurance |
| URL | https://cepr.org/publications/dp16131 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/545105 |
| 推荐引用方式 GB/T 7714 | Asger Lau Andersen,Amalie Jensen,Niels Johannesen,et al. DP16131 How Do Households Respond to Job Loss? Lessons from Multiple High-Frequency Data Sets. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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