“...Recent works have stressed that precautionary savings can provide a level of insurance against unemployment risks that is comparable to the current...”

“...This paper formally compares the fit of various versions of the incomplete markets model with aggregate uncertainty, relying on a simple Bayesian empirical...”

“...Recent works have stressed that precautionary savings can provide a level of insurance against unemployment risks that is comparable to the current...”

“...Two general questions are posed in this paper: (a) In what ways do characteristics of the firm where the worker is employed have an influence on the worker's...”

“...This paper presents evidence that firms choose conservative financial policies partly to mitigate workers' exposure to unemployment risk. We exploit changes in...”

“...How should workers invest over the life-cycle? Should they follow some typical prescriptions (“rules of thumb”) in personal finance implying higher equity...”

“...•We propose a model with uninsured unemployment risk that generates countercyclical spending multipliers.•Government spending lowers precautionary saving,...”

“...Immigration has become systematically politicized and opposed by many individuals. We examine individual attitudes toward equal opportunities for foreigners...”

“...Labor unemployment insurance reduces unemployment concerns. We argue that these benefits moderate incentives to smooth earnings to reduce employees’ concerns...”