Unemployment Risk, Precautionary Saving, and Durable Goods Purchase Decisions
نویسندگان
چکیده
منابع مشابه
Borrowing constraints, the cost of precautionary saving and unemployment insurance
Job losers exhibit significant heterogeneity in wealth holdings and in the marginal propensity to consume transitory income. We consider potential sources of this heterogeneity, whether (some of) the unemployed face borrowing constraints, and the implications of this heterogeneity for unemployment insurance. We show theoretically how the optimal benefit can depend significantly on borrowing con...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 1999
ISSN: 1556-5068
DOI: 10.2139/ssrn.148728