extend a version of the standard incomplete-markets model to include two-agent households and calibrate it to the US economy … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married … households significantly more than that of singles and vice versa. We show that this result is driven by the amount of self …

-cycle consumption with models that consider households rather than single agents. …

extend a version of the standard incomplete‐markets model to include two‐agent households and calibrate it to the US economy … differently by married and single households. In particular, a more generous unemployment insurance reduces the welfare of married … households significantly more than that of singles and vice versa. We show that this result is driven by the amount of self …