Gig labor: Trading safety nets for steering wheels

Vyacheslav Fos, Naser Hamdi, Ankit Kalda and Jordan Nickerson

Journal of Financial Economics, 2025, vol. 163, issue C

Abstract: Using administrative data on credit profiles matched with unemployment insurance (UI) for individuals in the U.S., we show that laid-off workers with access to Uber rely less on household debt, experience fewer delinquencies, and are less likely to apply for UI benefits. Our empirical strategy exploits both the staggered market entry of Uber across cities and the differential benefit of its entry across car owners based on car age, a key eligibility requirement of the platform. We conclude that the introduction of Uber reduced reliance on these alternative means of smoothing extreme income shocks.

Keywords: Gig-economy; Labor markets; Household debt; Credit delinquencies; Unemployment insurance (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jfinec:v:163:y:2025:i:c:s0304405x2400179x

DOI: 10.1016/j.jfineco.2024.103956

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