Unemployment Risk, Precautionary Savings, and Moonlighting in Russia
dc.contributor.author | Guariglia, Alessandra | en_US |
dc.contributor.author | Kim, Byung-Yeon | en_US |
dc.date.accessioned | 2006-08-01T16:28:34Z | |
dc.date.available | 2006-08-01T16:28:34Z | |
dc.date.issued | 1999-06-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:1999-232 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39618 | en_US |
dc.description.abstract | Using a panel of 3,039 Russian households over the period 1994-96, this paper tests the precautionary savings hypothesis and investigates whether multiple job holding attenuates the need for precautionary savings. A measure of earnings variability based on the subjective probability of primary job loss of household heads is used as a proxy for risk. We find that risk strongly affects savings, although this effect is limited to those households whose head holds only one job. These findings are robust to different measures of savings and model specifications, and highlight the role of moonlighting as a self-insurance mechanism that individuals can use to smooth consumption in the presence of fluctuating earnings. | en_US |
dc.format.extent | 25 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 1351458 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 232 | en_US |
dc.subject | Precautionary Savings, Earnings Variability, Moonlighting | en_US |
dc.subject.other | C23, D12, D91, E21, P20 | en_US |
dc.title | Unemployment Risk, Precautionary Savings, and Moonlighting in Russia | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39618/3/wp232.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.