The response of household wealth to the risk of losing the job: evidence from differences in firing costs

Economic theory predicts that individuals exposed to the risk of losing their job postpone their consumption and accumulate more assets to build a buffer stock of saving. We provide a new test of the hypothesis using substantial variation in severance payments across contracts in the Spanish labor m...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Documentos de trabajo (Banco de España) 2010 (2), p.9-59
Hauptverfasser:	Barceló, Cristina, Villanueva, Ernesto
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!