Saving and Portfolio Allocation Before and after Job Loss

Using administrative panel data from Norway, we investigate the development of household labor income, financial wealth and asset holdings over a nine-year period surrounding job loss. Consistent with a simple theoretical model, the data show precautionary saving and a shift toward safer assets in the years leading up to unemployment, and depletion of savings during unemployment. This suggests that at least some households can foresee and prepare for upcoming unemployment, which indicates that private savings can to some extent serve as a substitute for publicly provided unemployment insurance

MoreLess

Year of publication:	2012
Authors:	Basten, Christoph
Other Persons:	Fagereng, Andreas (contributor) ; Telle, Kjetil (contributor)
Publisher:	[2012]: [S.l.] : SSRN
Subject:	Sparen \| Savings \| Portfolio-Management \| Portfolio selection \| Arbeitslosigkeit \| Unemployment \| Privater Haushalt \| Household \| Konsumentenverhalten \| Consumer behaviour \| Haushaltseinkommen \| Household income \| Norwegen \| Norway

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Which error do you want to report?

Report: URL of this record is broken

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: Addition of an URL to that resource

Please note: Sometimes more than one URL is available for a resource. Please click on "More Options" to display these URLs

Report: The language(s) of that resource is/are…

Please note: Required language not in the list? Please use comment field

Report: Addition of an identifier to that resource

Report: report typo

Report: Add statement

Report: Add keywords

Please use the commentary box to describe other errors

Would you like to receive a feedback?

Commentary

Please type the code from the image

For general questions please use this address.

Persistent link: https://www.econbiz.de/10013110265