The Fall in Consumption from Being Unemployed in Spain and Portugal PDF Download

Author: Sonsoles Castillo
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 32

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Author: Gupta, Manavi
Publisher: Intl Food Policy Res Inst
ISBN:
Category : Political Science
Languages : en
Pages : 43

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India has recorded high levels of unemployment and low labor force participation rates in recent years even before the onset of the COVID-19 pandemic and the lockdown. How does an episode of unemployment or loss of income affect household consumption expenditure is an important question for designing effective safety nets. We use data on household-specific episodes of job loss and decline in income, from an earlier year (March-April 2019) to estimate the household response to employment shocks. We apply diff-in-diff and quantile regressions to a high-frequency panel data from a nationally representative survey of 1,75,000 households to estimate the impact of a job loss (and change in income) on household consumption expenditure—for urban and rural households, and households across different expenditure levels. We find that loss of employment of an earning member leads to a significant immediate decline in household consumption expenditure. The decline is much larger for urban households and households in the lowest and the highest deciles of monthly per capita. Durable expenses go down the most. Expenditure on health and education also goes down significantly and there is evidence of adjustments in discretionary expenses too, especially for urban households. For households with only one earning member, borrowing does not increase after the job loss, suggesting credit constraints. Government cash transfers help rural households, as the beneficiaries show a smaller reduction in consumption expenditure after the shock. Our findings highlight the high vulnerability of urban households to economic shocks and can inform the design and targeting of income support and other safety-net programs in India and other developing countries.

Author: Samuel Bentolila
Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 56

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Author: Sara E. Watson
Publisher: Oxford University Press, USA
ISBN: 0190245476
Category : Business & Economics
Languages : en
Pages : 377

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The Left Divided argues that the strength and orientation of the far left is an important and overlooked determinant of social protection outcomes. To demonstrate the counterintuitive effects of having the far-left control significant political resources, the book combines in-depth case studies of Iberia with cross-national analysis of OECD countries.

Author: Henry G. Overman
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 56

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Author: Mr.Jeffrey R. Franks
Publisher: International Monetary Fund
ISBN: 1451852576
Category : Business & Economics
Languages : en
Pages : 42

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Spain has the most serious and persistent unemployment problem in Europe, with an unemployment rate that reached 24.6 percent in early 1994. This paper explores the characteristics of this unemployment problem, its causes, and provides a brief discussion of recent labor market reform measures and their likely Impact. A demographic shift in recent years has produced a large rise in female labor force participation and a decrease in agricultural jobs to which the economy has been unable to adjust. The effects of generous unemployment benefits and the large underground economy may explain 6–12 percentage points of the resulting unemployment, but the remainder must be explained by failures and rigidities in the labor market. The paper presents econometric evidence that unemployment displays hysteresis, and that wages are not responsive to changes in the unemployment rate. This evidence supports the claim that insider-outsider factors and rigidities in the legal structure of the labor market are responsible for much of the high unemployment rate. Recent reforms have improved the functioning of the labor market, but they are unlikely to be sufficient to reduce unemployment to single digit rates without further action.

Author: Sara Elizabeth Watson
Publisher:
ISBN:
Category :
Languages : en
Pages : 594

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Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 938

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Author: Margit Keller
Publisher: Taylor & Francis
ISBN: 1317380908
Category : Social Science
Languages : en
Pages : 508

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Consumption research is burgeoning across a wide range of disciplines. The Routledge Handbook on Consumption gathers experts from around the world to provide a nuanced overview of the latest scholarship in this expanding field. At once ambitious and timely, the volume provides an ideal map for those looking to position their work, find new analytic insights and identify research gaps. With an intuitive thematic structure and resolutely international outlook, it engages with theory and methodology; markets and businesses; policies, politics and the state; and culture and everyday life. It will be essential reading for students and scholars across the social and economic sciences.

Author: Frank de Jong
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 56

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