全球智库信息集成服务系统(G2TT): Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?

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来源类型	Working Paper
规范类型	报告
DOI	10.3386/w11588
来源ID	Working Paper 11588
	Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?
	Stephen H. Shore; Todd Sinai
发表日期	2005-08-29
出版年	2005
语种	英语
摘要	We show that incorporating consumption commitments into a standard model of precautionary saving can complicate the usual relationship between risk and consumption. In particular, we present a model where the presence of plausible adjustment costs can cause a mean-preserving increase in unemployment risk to lead to increased consumption. The predictions of this model are consistent with empirical evidence from dual-earning couples. Couples who share an occupation face increased risk as their unemployment shocks are more highly correlated. Such couples spend more on owner-occupied housing than other couples, spend no more on rent, and are more likely to rent than own. This pattern is strongest when the household faces higher moving costs, or when unemployment insurance provides a less generous safety net.
主题	Macroeconomics ; Consumption and Investment ; Regional and Urban Economics ; Microeconomics ; Economics of Information
URL	https://www.nber.org/papers/w11588
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/569233
推荐引用方式 GB/T 7714	Stephen H. Shore,Todd Sinai. Commitment, Risk, and Consumption: Do Birds of a Feather Have Bigger Nests?. 2005.

条目包含的文件
文件名称/大小	资源类型	版本类型	开放类型	使用许可
w11588.pdf（514KB）	智库出版物		限制开放	CC BY-NC-SA	浏览