Job loss expectations, durable consumption and household finances: Evidence from linked survey data

Arbeitspapier

Job security is important for durable consumption and household savings. Using surveys, workers express a probability that they will lose their job in the next 12 months. In order to assess the empirical content of these probabilities, we link survey data to administrative data with labor market outcomes. Workers predict job loss quite well, in particular those whose job loss is followed by unemployment. Workers with higher job loss expectations acquire cheaper cars, and are less likely to buy new cars. In line with models of precautionary saving, higher job loss expectations are associated with more savings and less exposure to risky assets.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: SAFE Working Paper ; No. 249

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access ; Survey Methods; Sampling Methods ; Household Saving; Personal Finance ; Labor Turnover; Vacancies; Layoffs
• Thema: Subjective expectations ; Durable consumption ; Household saving

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Pettinicchi, Yuri ; Vellekoop, Nathanael
• Ereignis: Veröffentlichung
• (wer): Goethe University Frankfurt, SAFE - Sustainable Architecture for Finance in Europe
• (wo): Frankfurt a. M.
• (wann): 2019

Weitere Informationen

• DOI: doi:10.2139/ssrn.3365473
• Handle: http://hdl.handle.net/10419/194805
• Letzte Aktualisierung: 10.03.2025, 11:45 MEZ