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11 results on '"Netspar"'

1. Time devoted to home production and retirement in couples: A panel data analysis

Author

Arthur van Soest, Eric Bonsang, Laboratoire d'Economie de Dauphine (LEDa), Centre National de la Recherche Scientifique (CNRS)-Institut de Recherche pour le Développement (IRD)-Université Paris Dauphine-PSL, Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL), Tilburg University [Tilburg], Netspar, Econometrics and Operations Research, and Research Group: Econometrics

Subjects
Organizational Behavior and Human Resource Management, Economics and Econometrics, Labour economics, Layoff, media_common.quotation_subject, Couples, Home production, Time allocation, 0502 economics and business, Economics, JEL: J - Labor and Demographic Economics/J.J1 - Demographic Economics/J.J1.J14 - Economics of the Elderly • Economics of the Handicapped • Non-Labor Market Discrimination, Wife, Production (economics), Endogeneity, 050207 economics, JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J29 - Other, 050205 econometrics, media_common, Retirement, [QFIN]Quantitative Finance [q-fin], 05 social sciences, JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J22 - Time Allocation and Labor Supply, Spouse, 8. Economic growth, Regression discontinuity design, Retirement age, Panel data
Abstract

International audience; We analyse the effects of retirement of one partner on time devoted to home production by both partners in a couple. Using longitudinal data on couples in Germany, we control for fixed household specific effects and allow for endogeneity of retirement using both a regression discontinuity approach and variation in the early and full retirement age across cohorts and with labour market history. Furthermore, we separately estimate the effect of retirement and the effect of lay-off due to an exogenous shock (i.e. plant closure) for each spouse. For both men and women, a transition from work to retirement significantly increases the amount of their own home production. Similar effects are found for other (layoff induced) exits from work. We find much smaller negative cross-effects of retirement or other exits from work on time spent on home production done by the male partner; the effect of the husband's retirement on the wife's home production is not statistically significant.

Published
2020

2. Spousal and survivor benefits in option value models of retirement: an application to Belgium

Author

Mathieu Lefebvre, Alain Jousten, Université de Liège, Bureau d'Économie Théorique et Appliquée (BETA), Institut National de la Recherche Agronomique (INRA)-Université de Strasbourg (UNISTRA)-Université de Lorraine (UL)-Centre National de la Recherche Scientifique (CNRS), Forschungsinstitut zur Zukunft der Arbeit - Institute of Labor Economics (IZA), CentER, Netspar, and Tilburg University, Université de Lorraine (UL)-Université de Strasbourg (UNISTRA)-Institut National de la Recherche Agronomique (INRA)-Centre National de la Recherche Scientifique (CNRS), The authors acknowledge financial support from the Belspo project EMPOV (TA/00/45)., and This paper uses data from the European Union Labour Force Survey (Eurostat, European Union). Eurostat has no responsibility for the results and conclusions which are the authors’ only. It also uses data from SHARE Waves 1 and 2 release 2.6.0, as of 29 November 2013 (DOI: 10.6103/SHARE.w1.260 and 10.6103/SHARE.w2.260) and SHARELIFE release 1.0.0, as of 24 November 2010 (DOI: 10.6103/SHARE.w3.100). The SHARE data collection has been primarily funded by the European Commission through the 5th Framework Programme (project QLK6-CT-2001-00360 in the thematic programme Quality of Life), through the 6th Framework Programme (projects SHARE-I3, RII-CT-2006-062193, COMPARE, CIT5-CT-2005-028857, and SHARELIFE, CIT4-CT-2006-028812) and through the 7th Framework Programme (SHARE-PREP, N° 211909, SHARE-LEAP, N° 227822 and SHARE M4, N° 261982). Additional funding from the US National Institute on Aging (U01 AG09740-13S2, P01 AG005842, P01 AG08291, P30 AG12815, R21 AG025169, Y1-AG-4553-01, IAG BSR06-11 and OGHA 04-064) and the German Ministry of Education and Research as well as from various national sources is gratefully acknowledged (see www.share-project.org for a full list of funding institutions).

Subjects
Organizational Behavior and Human Resource Management, Economics and Econometrics, Labour economics, dependent benefits, Strategy and Management, media_common.quotation_subject, Industrial and Manufacturing Engineering, JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J21 - Labor Force and Employment, Size, and Structure, Financial incentives, 0502 economics and business, Economics, 050207 economics, Function (engineering), social security, Stock (geology), media_common, 050205 econometrics, Retirement, 050208 finance, Mechanical Engineering, 05 social sciences, Metals and Alloys, 1. No poverty, Flexibility (personality), [SHS.ECO]Humanities and Social Sciences/Economics and Finance, JEL: H - Public Economics/H.H5 - National Government Expenditures and Related Policies/H.H5.H55 - Social Security and Public Pensions, Option value, Social security, Incentive, 8. Economic growth, JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J26 - Retirement • Retirement Policies, Demographic economics, Finance
Abstract

We study retirement incentives with an augmented reduced form option value model à la Stock and Wise (1990). We propose methodological extensions to better reflect the respective incentives faced by singles and couples. Our results show that a more comprehensive modeling of couples’ incentives leads to very different patterns of retirement incentives – particularly for women. We apply the new indicators to data from the Survey of Health, Ageing and retirement in Europe in Belgium and find two key results. First, contrary to several previous studies, we obtain a positive signed income effects. Second, we find very different retirement incentives for men and women, with little flexibility in the retirement decision for men and substantially more flexibility for women as a function of financial incentive and household composition.

Published
2019

3. Tax evasion and social information: an experiment in Belgium, France, and the Netherlands

Author

Marie Claire Villeval, Mathieu Lefebvre, Pierre Pestieau, Arno Riedl, Laboratoire Montpelliérain d'Économie Théorique et Appliquée (LAMETA), Université Montpellier 1 (UM1)-Université Paul-Valéry - Montpellier 3 (UM3)-Institut National de la Recherche Agronomique (INRA)-Centre international d'études supérieures en sciences agronomiques (Montpellier SupAgro)-Université de Montpellier (UM)-Centre National de la Recherche Scientifique (CNRS)-Institut national d’études supérieures agronomiques de Montpellier (Montpellier SupAgro), Center for Economic Policy Research (CEPR), CEPR, Center of Operation Research and Econometrics [Louvain] (CORE), Université Catholique de Louvain (UCL), Paris-Jourdan Sciences Economiques (PSE), École normale supérieure - Paris (ENS Paris)-Institut National de la Recherche Agronomique (INRA)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS), Paris School of Economics (PSE), CESifo, IZA, Netspar, The Maastricht University School of Business and Economics, Maastricht University [Maastricht], Groupe d'analyse et de théorie économique (GATE Lyon Saint-Étienne), École normale supérieure - Lyon (ENS Lyon)-Université Lumière - Lyon 2 (UL2)-Université Claude Bernard Lyon 1 (UCBL), Université de Lyon-Université de Lyon-Université Jean Monnet [Saint-Étienne] (UJM)-Centre National de la Recherche Scientifique (CNRS), Université Montpellier 1 (UM1)-Université Paul-Valéry - Montpellier 3 (UPVM)-Institut National de la Recherche Agronomique (INRA)-Centre international d'études supérieures en sciences agronomiques (Montpellier SupAgro)-Université de Montpellier (UM)-Centre National de la Recherche Scientifique (CNRS)-Institut national d’études supérieures agronomiques de Montpellier (Montpellier SupAgro), Université Catholique de Louvain = Catholic University of Louvain (UCL), École normale supérieure - Paris (ENS-PSL), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Institut National de la Recherche Agronomique (INRA)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS-PSL), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Groupe d'Analyse et de Théorie Economique Lyon - Saint-Etienne (GATE Lyon Saint-Étienne), École normale supérieure de Lyon (ENS de Lyon)-Université Lumière - Lyon 2 (UL2)-Université Claude Bernard Lyon 1 (UCBL), Université de Lyon-Université de Lyon-Université Jean Monnet - Saint-Étienne (UJM)-Centre National de la Recherche Scientifique (CNRS), Belgian Science Policy (SUBLEC AG/JJ/137), Belgium's French Community (ARC 05/10-332), Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro)-Institut national d'enseignement supérieur pour l'agriculture, l'alimentation et l'environnement (Institut Agro), École normale supérieure - Paris (ENS Paris), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Centre National de la Recherche Scientifique (CNRS)-Université de Lyon-Université Jean Monnet [Saint-Étienne] (UJM)-Université Claude Bernard Lyon 1 (UCBL), Université de Lyon-Université Lumière - Lyon 2 (UL2)-École normale supérieure - Lyon (ENS Lyon), Microeconomics & Public Economics, and RS: GSBE ETBC

Subjects
Economics and Econometrics, Double taxation, REFLECTION, media_common.quotation_subject, Tax evasion, Audit, JEL: D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D83 - Search • Learning • Information and Knowledge • Communication • Belief • Unawareness, Social interactions, Compliance (psychology), Accounting, Income tax, Economics, DECEPTION, JEL: C - Mathematical and Quantitative Methods/C.C9 - Design of Experiments/C.C9.C91 - Laboratory, Individual Behavior, health care economics and organizations, media_common, JEL: H - Public Economics/H.H2 - Taxation, Subsidies, and Revenue/H.H2.H26 - Tax Evasion and Avoidance, RISK, ECONOMICS, Public economics, IDENTIFICATION, Cross-country comparisons, MORALE, Deception, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, INDIVIDUAL BEHAVIOR, Identification (information), Peer effects, INCOME-TAX, AUDIT, Experiments, Finance, Public finance
Abstract

We experimentally study how receiving information about tax compliance of others affects individuals' occupational choices and subsequent evading decisions. In one treatment individuals receive information about the highest tax evasion rates of others in past experimental sessions with no such social information; in another treatment they receive information about the lowest tax evasion rates observed in the past sessions with no such social information. We observe an asymmetric effect of social information on tax compliance. Whereas examples of high compliance do not have any disciplining effect, we find evidence that examples of low compliance significantly increase tax evasion for certain audit probabilities. No major differences are found across countries.data source: lab experiment data, available from authors upon request

Published
2015

4. Leader—Follower Effects in Resource Dilemmas: The Roles of Leadership Selection and Social Responsibility

Author

Eric van Dijk, David De Cremer, Department of Social Psychology, Tilburg University [Tilburg], Netspar, Leiden University-Institute for Psychological Research, and Department of Business-Society Management

Subjects
Cultural Studies, resource allocations, Sociology and Political Science, Social Psychology, Communication, media_common.quotation_subject, education, social responsibility, humanities, Scarcity, Arts and Humanities (miscellaneous), Transformational leadership, followers, leadership selection, resource dilemmas, Resource allocation, Leadership style, Norm (social), Leader follower, Psychology, Social responsibility, Social psychology, health care economics and organizations, media_common
Abstract

International audience; Previous research on the allocation of scarce resources shows that when people are assigned labels of leader or follower in their group, leaders allocate more of the scarce resources to themselves than followers do. In three laboratory studies, we examine the idea that how people are selected for the leader role (i.e. election or appointment) determines whether leaders take more or equal shares (relative to followers) from a common resource. In a first experiment, we show that participants were more accepting of norm violating behavior by an appointed versus elected leader. In a second experiment, we show that when participants were assigned to a leader or follower role, allocations of appointed leaders differed significantly from those of elected leaders and followers, whereas there was no difference between the two latter conditions. Moreover, elected leaders were shown to feel more social responsibility than both appointed leaders and followers. In a final experiment, we show that when participants were primed with the concept of social responsibility (relative to a neutral condition) no difference in allocations between appointed and elected leaders emerged.

Published
2008

5. First Impression Matters

Author

Suleman Shahid, Omar Mubin, Language, Communication and Cognition, Tilburg University [Tilburg], Netspar, Western Sydney University, and TC 13

Subjects
Experience, business.industry, media_common.quotation_subject, Usability, USable, Espresso, Beauty, Aesthetics, Perception, [INFO]Computer Science [cs], Product (category theory), First impression (psychology), Psychology, business, Social psychology, media_common
Abstract

International audience; This study investigated how the previous experience of a product possibly mediates the effect of beauty on usability. In an experiment 32 individuals, half with and half without experience, tested two different, but equally usable espresso machines. The results showed that previous experience had a considerable influence on the effect of beauty on usability.

Published
2015

6. Experiences of Teaching HCI to a Multidisciplinary Cohort of Computing and Design Students

Author

Omar Mubin, Suleman Shahid, Abdullah Al Mahmud, Western Sydney University, Swinburne University of Technology [Melbourne], Tilburg University [Tilburg], Netspar, TC 13, and Language, Communication and Cognition

Subjects
Medical education, Design, Multimedia, 4. Education, media_common.quotation_subject, 05 social sciences, 050301 education, Sample (statistics), HCI education, 02 engineering and technology, computer.software_genre, Unit (housing), Multidisciplinary approach, 020204 information systems, Cohort, ComputingMilieux_COMPUTERSANDEDUCATION, 0202 electrical engineering, electronic engineering, information engineering, [INFO]Computer Science [cs], Psychology, 0503 education, computer, Diversity (politics), media_common, Project assessment
Abstract

International audience; In this paper we present our initial insights on the redesign of an undergraduate unit on Human Computer Interaction to suit a mixed cohort of Computing and Design students. In order to address the diversity in student background we implemented an open brief project assessment. We summarise changes to the unit and present sample student projects that emerged from the unit as outcomes.

Published
2015

7. Income taxation, labour supply and housework: a discrete choice model for French couples

Author

Jan Kabátek, Arthur van Soest, Elena Stancanelli, Tilburg University [Tilburg], Netspar, Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Ce travail a bénéficié d'une aide de l'Etat gérée par l'Agence Nationale de la Recherche au titre du programme ' Investissements d'avenir ' portant la référence ANR-10-LABX-93-01. This work was supported by the French National Research Agency, through the program Investissements d'Avenir, ANR-10--LABX-93-01., Center Ph. D. Students, Research Group: Econometrics, and Econometrics and Operations Research

Subjects
Organizational Behavior and Human Resource Management, Economics and Econometrics, Discrete choice, Labour economics, JEL: C - Mathematical and Quantitative Methods/C.C3 - Multiple or Simultaneous Equation Models • Multiple Variables/C.C3.C35 - Discrete Regression and Qualitative Choice Models • Discrete Regressors • Proportions, Domestic work, media_common.quotation_subject, Discrete choice models, JEL: J - Labor and Demographic Economics/J.J2 - Demand and Supply of Labor/J.J2.J22 - Time Allocation and Labor Supply, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Taxation, Business economics, Labour supply, 8. Economic growth, Economics, Wife, JEL: H - Public Economics/H.H3 - Fiscal Policies and Behavior of Economic Agents/H.H3.H31 - Household, Time use, Time use,Taxation,Discrete choice models, human activities, Utility model, media_common
Abstract

International audience; Earlier studies suggest that income taxation may affect not only labour supply but also domestic work. Here we investigate the impact of income taxation on partners' labour supply and housework, using data for France that taxes incomes of married couples jointly. We estimate a household utility model in which the marginal utilities of leisure and housework of both partners are modelled as random coefficients, depending on observed and unobserved characteristics. We conclude that both partners' market and housework hours are responsive to changes in the tax system. A policy simulation suggests that replacing joint taxation of married spouses' incomes with separate taxation would increase the husband's housework hours by 1.3% and reduce his labour supply by 0.8%. The wife's market hours would increase by 3.7%, and her housework hours would fall by 2.0%.

Published
2014

8. Pension Regulation and Investment Performance: Rule-Based vs. Risk-Based

Author

Ling Ni Boon, Marie Brière, Bas J. M. Werker, Carole Gresse, Dauphine Recherches en Management (DRM), Université Paris Dauphine-PSL, Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Centre National de la Recherche Scientifique (CNRS), Laboratoire d'Economie de Dauphine (LEDa), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL), Tilburg University, Tilburg University [Netherlands], CentER, Netspar, and Tilburg University, Institut de Recherche pour le Développement (IRD)-Université Paris Dauphine-PSL, and Centre National de la Recherche Scientifique (CNRS)-Institut de Recherche pour le Développement (IRD)-Université Paris Dauphine-PSL

Subjects
media_common.quotation_subject, Pension regulation, Monetary economics, JEL: G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G23 - Non-bank Financial Institutions • Financial Instruments • Institutional Investors, Funded pension, Risk regulation, 0502 economics and business, Quality (business), JEL: G - Financial Economics/G.G2 - Financial Institutions and Services/G.G2.G28 - Government Policy and Regulation, 050207 economics, Open-ended investment company, Investment performance, health care economics and organizations, media_common, Rate of return, Pension, 050208 finance, Actuarial science, Sharpe ratio, 05 social sciences, Investment (macroeconomics), [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Regulatory quality, [SHS.GESTION]Humanities and Social Sciences/Business administration, Business, human activities
Abstract

We investigate the relationship between rule-based versus risk-based regulatory choices in different countries and the real investment performance of their pension funds. Pension systems in countries with more mature risk-based regulatory regimes tend to demonstrate superior investment performance. The benefit of implementing risk-based regulation is more pronounced in countries with low regulatory quality. The core of rule-based regulations, i.e., quantitative investment limits, has no significant impact on the Sharpe ratio of pension investment returns.

Published
2013

9. Optimal pricing of a conspicuous product during a recession that freezes capital markets

Author

Richard F. Hartl, Jonathan P. Caulkins, Dieter Grass, Peter M. Kort, Gustav Feichtinger, Andrea Seidl, Research Group: Economics, Research Group: Operations Research, Econometrics and Operations Research, H. John Heinz III School of Public Policy & Management, Department for Operations Research and Control Systems, Vienna University of Technology (TU Wien), University of Vienna [Vienna], Tilburg University [Tilburg], Netspar, Department of Economics, and University of Antwerp (UA)

Subjects
Economics and Econometrics, Control and Optimization, Financial economics, Economics, media_common.quotation_subject, 0211 other engineering and technologies, Recession, Context (language use), 02 engineering and technology, Conspicuous product, 0502 economics and business, Mergers and acquisitions, C61,M31,Pricing,Recession,Conspicuous product,Optimal control,Skiba point, 050207 economics, media_common, Consumption (economics), 021103 operations research, [QFIN]Quantitative Finance [q-fin], Applied Mathematics, 05 social sciences, M31, Optimal control, Product (business), C61, Bankruptcy, 8. Economic growth, Cash flow, Capital market, Pricing, Skiba point
Abstract

This paper considers the problem of how to price a conspicuous product when the economy is in a recession that disrupts capital markets. A conspicuous product in this context is a luxury good for which demand is increasing in brand image. Brand image here means the ability of a consumer to impress observers by conspicuously displaying consumption of the good. Brand image is built up when the good is priced high enough to make it exclusive, and eroded if the good is discounted. Recession is modeled as having two effects: it reduces demand and it freezes capital markets so borrowing is not possible. In pricing the conspicuous product the firm faces the following trade-off. Reducing price helps maintain sales volume and cash flow in the face of reduced demand, but it also damages brand image and thus long-term demand. The paper analyzes the firm's pricing policy facing scenarios of mild, intermediate and severe recessions, while taking the threat of bankruptcy into account. For an intermediate recession the optimal solution is history-dependent. The results have implications for policy interventions in capital markets and for timing of mergers and acquisitions.

Published
2011

10. 'How many of us are there?': Group size uncertainty and social value orientations in common resource dilemmas

Author

David De Cremer, Eric van Dijk, Erik W. de Kwaadsteniet, Arjaan Wit, Department of Social Psychology, Universiteit Leiden [Leiden], Tilburg University [Tilburg], Netspar, and Department of Business-Society Management

Subjects
Cultural Studies, Sociology and Political Science, Social Psychology, group size uncertainty, Group (mathematics), Communication, media_common.quotation_subject, Contrast (statistics), Social dilemma, Divisibility rule, Social value orientations, Certainty, social dilemmas, social value orientations, tacit coordination, Resource (project management), Arts and Humanities (miscellaneous), Order (exchange), Psychology, Social psychology, media_common
Abstract

International audience; In two studies, we investigate the effects of group size (un)certainty and social value orientations in common resource dilemmas. By focusing on this largely unexplored type of environmental uncertainty, we show that, in contrast to the often replicated finding that resource size uncertainty leads to over-harvesting in common resource dilemmas, group size uncertainty is not necessarily detrimental to the collective interest. Furthermore, we argue and show that whereas under group size certainty people base their individual harvests on the equal division rule, under group size uncertainty they base their harvests on their own social value orientations: whereas under group size certainty both proselfs and pro-socials harvest about an equal share of the common resource, under uncertainty prosocials show self-restraint in order to further their group's outcomes.

Published
2008

11. Financial Wealth, Consumption Smoothing and Income Shocks Arising from Job Loss

Author

Elena Stancanelli, Hans Bloemen, CentER, Netspar, and Tilburg University, Observatoire français des conjonctures économiques (OFCE), Sciences Po (Sciences Po), Théorie économique, modélisation et applications (THEMA), Université de Cergy Pontoise (UCP), Université Paris-Seine-Université Paris-Seine-Centre National de la Recherche Scientifique (CNRS), Paris School of Economics (PSE), École des Ponts ParisTech (ENPC)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS)-École des hautes études en sciences sociales (EHESS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Centre d'économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne (UP1)-Centre National de la Recherche Scientifique (CNRS), Paris Jourdan Sciences Economiques (PJSE), Université Paris 1 Panthéon-Sorbonne (UP1)-École normale supérieure - Paris (ENS Paris), Université Paris sciences et lettres (PSL)-Université Paris sciences et lettres (PSL)-École des hautes études en sciences sociales (EHESS)-École des Ponts ParisTech (ENPC)-Centre National de la Recherche Scientifique (CNRS)-Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement (INRAE), Institute for the Study of Labor (IZA), Institute for the Study of Labor, and Observatoire français des conjonctures économiques (Sciences Po) (OFCE)

Subjects
Consumption (economics), Economics and Econometrics, Labour economics, 050208 finance, media_common.quotation_subject, Postponement, 05 social sciences, 1. No poverty, Consumption smoothing, Food consumption, [SHS.ECO]Humanities and Social Sciences/Economics and Finance, Debt, 8. Economic growth, 0502 economics and business, Financial wealth, Unemployment, Economics, 050207 economics, Job loss, media_common
Abstract

One of the reasons for setting up an unemployment insurance scheme is to allow job losers to smooth consumption. We test for the impact of unemployment benefits on changes in household food expenditure of individuals who have recently experienced a job loss. We also study the relationship between unemployment benefits and the financial wealth of the unemployed. From our empirical analysis we conclude that, for households without financial wealth at the time of job loss, unemployment benefits help to smooth food consumption. For households running debt before job loss, there is evidence that lower replacement rates lead to a postponement of debt repayment.

Published
2005

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