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Labour Market Institutions and Household Consumption Insurance within OECD Countries
| Content Provider | Semantic Scholar |
|---|---|
| Author | Prete, Anna Lo |
| Copyright Year | 2016 |
| Abstract | This paper tests empirically whether the effect of idiosyncratic income shocks on aggregate consumption depends on institutional features of national labour markets. The results show that, in a sample of 15 OECD countries, institutional heterogeneity is a significant determinant of the response of household consumption to country-specific income shocks. This is consistent with the idea that institutionally-provided social insurance may help increase income stability when people differ in their ability to access financial markets and smooth consumption fluctuations. |
| Starting Page | 755 |
| Ending Page | 771 |
| Page Count | 17 |
| File Format | PDF HTM / HTML |
| DOI | 10.1111/twec.12325 |
| Volume Number | 39 |
| Alternate Webpage(s) | http://www.cerp.carloalberto.org/wp-content/uploads/2015/09/WP_150.pdf |
| Alternate Webpage(s) | https://doi.org/10.1111/twec.12325 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
