Unemployment Insurance Benefit Levels and Consumption Changes

By Martin Browning, Thomas F Crossley. 2001

273 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, General Health Professions

View Paper: https://www.semanticscholar.org/paper/144fc3e56fea3cf8f40b08feb65625574bcb4982

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Citations in the corpus

Consumer Spending during Unemployment: Positive and Normative Implications (2019, unknown): “However, there is considerable uncertainty in the prior literature about the magnitude of such a spike because Card et al. (2007) demonstrate using European data that job-finding hazards spike much less than UI exit hazards at UI exhaustion. 2Examples using tax rebates and refunds include Hsieh (200”
Reconciling Cyclical Movements in the Marginal Value of Time and the Marginal Product of Labor (2009, background): “Consumption and hours are Frisch complements if consumption rises when the wage rises (work rises and nonwork falls); see Browning et al. (1985) for a discussion of the relation between Frisch substitution and Slutsky-Hicks substitution.”
Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession (2015, background): “Browning and Crossley (2001) estimate a small elasticity of expenditures with 4 In quite different contexts, this “magnitude hypothesis” has been tested by Coulibaly and Li (2006) and Scholnick (2013), who argue that the final mortgage payment represents a large expected disposable income shock…”
Recessions and the Costs of Job Loss (2011, unknown): “The consumption responses tend to be concentrated at the lower end of the income distribution (Browning and Crossley 2001, Congressional Budget Office 2004).”
The Wealth of the Unemployed (2001, background): “…assets consist of interest-earning assets in banking and other institutions, household equity in stocks and 1The differences in findings between Browning and Crossley (1996) and the U.S.-based studies probably arise from (a) Browning and Crossley’s exclusive focus on the long-term unemployed…”
Labor Market Effects of Unemployment Insurance Design (2014, unknown): “However, these workers might be more liquidity constrained (Browning and Crossley, 2001) and beneﬁt more from more generous UI through consumption smoothing.”
Knowledge of Future Job Loss and Implications for Unemployment Insurance (2017, background): “1See Gruber (1997), Browning and Crossley (2001), Aguiar and Hurst (2005), Chetty (2008), and Blundell et al. (2012).”
The Effects of Unemployment Insurance Benefits: New Evidence and Interpretation (2016, unknown): “A similar idea has been explored by Caliendo et al. (2015), where individuals have different beliefs about the impact of their search effort on the job offer arrival rate.”
Should Unemployment Insurance Vary with the Unemployment Rate? Theory and Evidence (2016, unknown): “As shown in column (9), we find that the effect of UI benefits on take-up varies with the unemployment rate.”
Food Insecurity and Public Assistance (2004, unknown): “Such studies as Hamermesh (1982), Gruber (1997), and Crossley and Browning (2001) have estimated the consumption-smoothing effects of the unemployment insurance program, while Gruber (2000) and Meyer and Sullivan (2001) examine the link between consumption and welfare benefits.”