Job Loss Expectations, Realizations, and Household Consumption Behavior

By Melvin Stephens. Review of Economics and Statistics, 2004

233 citations recorded by the source corpus.

How researchers see this paper

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Knowledge of Future Job Loss and Implications for Unemployment Insurance (2017, background): “This is at odds with existing literature suggesting individuals may have biased beliefs about their unemploy- ment and job prospects (e.g. Stephens (2004); Spinnewijn (2015)).”
The Cyclicality of the Opportunity Cost of Employment (2016, unknown): “A similar type of adjustment applies to the Stephens (2004) estimate.”
Is There a Retirement-Consumption Puzzle? Evidence Using Subjective Retirement Expectations (2007, methodology): “Further casting doubt on this explanation, when using the same measure of food consumption, Stephens (2004) finds that job loss significantly reduces consumption by 15 percent in the HRS over the same time period.”
Unemployment and consumption near and far away from the Mediterranean (2008, methodology): “Related work for the US, based like ours on longitudinal data, are found in Dynarski and Sheffrin (1987), Dynarski and Gruber (1997), and Stephens (2001, 2004).”
Job Insecurity and Wages (2007, unknown): “While Stephens (2004) adopts a similar approach, and similarly confirms data reliability, he was able only to control for demographic and some human capital variables.”