Seminario titulado: "Household consumption response to labor market transitions". El seminario será el miercoles 12 de junio a las 12:30 en la sala Dr. Ernest LLuch (Dpto de Economia)
Abstract: What is the impact of labor market transitions on household consumption? We assess the effect of transitions from employment to unemployment and vice versa, from employment to retirement, from fixed-term to indefinite employment, and from part-time to full-time employment and vice versa. Using data that constitutes a random sample, and methods mimicking random assignment, the results achieve internal and external validity. The evidence reported includes tests of theoretical predictions derived from the Life-Cycle Permanent-Income model, symmetry of the consumption responses to transitions from employment to unemployment and vice versa, differential consumption responses over the business cycle, and the income-pooling hypothesis.
