Suchergebnisse

Abstract
We use the responses of a representative sample of Dutch households to survey questions that ask how much their consumption would change in response to unexpected, transitory income shocks (positive or negative). The questionnaire also distinguishes between relatively small income changes (a one-month increase or drop in income), and relatively larger ones (equal to three-months' income). The results are broadly in line with models of intertemporal choice with precautionary saving, borrowing constraints and finite horizons.

Economic Policy -- CONTENTS -- Editors' introduction -- Labour market institutions and income inequality -- From individual attitudes towards migrants to migration policy outcomes: Theory and evidence -- Social spending and automatic stabilizers in the OECD