家庭如何应对失业?来自多个高频数据集的经验教训

IF 5.5 1区 经济学 Q1 ECONOMICS American Economic Journal-Applied Economics Pub Date : 2023-10-01 DOI:10.1257/app.20210206
Asger Lau Andersen, Amalie Sofie Jensen, Niels Johannesen, Claus T. Kreiner, Søren Leth-Petersen, Adam Sheridan
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引用次数: 0

摘要

家庭对失业的自我保险有多少,通过哪些渠道?结合来自一家大型银行和政府来源的数据,我们在一个统一的经验框架中量化了对失业的广泛反应。在两年的时间里,家庭减少的支出相当于他们收入损失的30%。他们主要通过调整流动余额进行自我保险,流动余额占收入损失的50%。其他渠道——配偶劳动力供给、私人转移、房屋资产提取、抵押贷款再融资和消费信贷——对自我保险的贡献较小。无论是整体自保还是渠道,都以直观的方式随家庭特点而变化。(jl d12, g21, g51, j64, j65)
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How Do Households Respond to Job Loss? Lessons from Multiple High-Frequency Datasets
How much and through which channels do households self-insure against job loss? Combining data from a large bank and from government sources, we quantify a broad range of responses to job loss in a unified empirical framework. Cumulated over a two-year period, households reduce spending by 30 percent of their income loss. They mainly self-insure through adjustments of liquid balances, which account for 50 percent of the income loss. Other channels—spousal labor supply, private transfers, home equity extraction, mortgage refinancing, and consumer credit—contribute less to self-insurance. Both overall self-insurance and the channels vary with household characteristics in intuitive ways. (JEL D12, G21, G51, J64, J65)
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来源期刊
CiteScore
9.10
自引率
1.60%
发文量
63
期刊介绍: American Economic Journal: Applied Economics publishes papers covering a range of topics in applied economics, with a focus on empirical microeconomic issues. In particular, we welcome papers on labor economics, development microeconomics, health, education, demography, empirical corporate finance, empirical studies of trade, and empirical behavioral economics.
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