Consumption and Unemployment
研究工人在不同随机环境下经历失业后的消费变化，发现失业和召回概率越高，消费变化越小，并用面板数据验证了模型预测。
This paper examines consumption changes of workers following experiences of unemployment in different stochastic environments. The model developed in the paper predicts that consumption changes following unemployment spells should be small for workers the higher are their layoff and recall probabilities. These predictions are confirmed in estimates with panel data.