dc.contributor.author | Juelsrud, Ragnar E. | |
dc.contributor.author | Wold, Ella Getz | |
dc.date.accessioned | 2020-04-30T06:16:09Z | |
dc.date.available | 2020-04-30T06:16:09Z | |
dc.date.issued | 2019 | |
dc.identifier.isbn | 978-82-8379-114-3 | |
dc.identifier.issn | 1502-8190 | |
dc.identifier.uri | https://hdl.handle.net/11250/2652985 | |
dc.description.abstract | In this paper we use Norwegian tax data and a novel natural experiment to isolate the impact of job loss risk on saving behavior. We find that a one percentage point increase in job loss risk increases liquid savings by roughly 1.2 - 2.0 percent. Further, we show that employment falls in non-tradable industries not directly affected by the shock, also after controlling for intersectoral linkages and lower demand from affected industries, consistent with the household demand channel of recessions. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Norges Bank | en_US |
dc.relation.ispartofseries | Working Paper;17/2019 | |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no | * |
dc.subject | precautionary savings | en_US |
dc.subject | household finance | en_US |
dc.subject | recessions | en_US |
dc.subject | JEL: D14 | en_US |
dc.subject | JEL: E20 | en_US |
dc.subject | JEL: E21 | en_US |
dc.title | The Saving and Employment Effects of Higher Job Loss Risk | en_US |
dc.type | Working paper | en_US |
dc.description.version | publishedVersion | en_US |
dc.subject.nsi | VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212 | en_US |
dc.source.pagenumber | 51 | en_US |