Craig, Steven G.; Sorensen, Bent E.; Hemissi, Wided; … - Department of Economics, University of Houston - 2012
This paper uses Carroll's (1992) buffer stock model to study government savings behavior exemplifi ed by the Unemployment Insurance (UI) programs of U.S. states from 1976 to 2008. We find strong empirical support for the model from regressions and simulations. Empirically, we fi nd that...
