Unemployment and Consumption: Are Job Losses Less Painful Near the Mediterranean?

Samuel Bentolila and Andrea Ichino

Working Papers from CEMFI

Abstract: In this paper we analyze the relationship between unemployment and consumption. We study this relationship with panel data on households in five countries: Spain, Italy, Germany, Britain, and the US. Our empirical results indicate that an increase in the duration of unemployment spells of male household heads is associated with smaller consuption losses in Spanish and Italian households. We discuss this finding in the light of different market and insitutional frameworks. The evidence supports the hypothesis that extended family networks, which appear to be stronger near the Mediterranean, provide a fundamental source of insurance against unemployment in southern Europe.

Date: 2000
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Related works:
Working Paper: Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean? (2000)
Working Paper: Unemployment and Consumption: Are Job Losses Less Painful near the Mediterranean? (2000)
Working Paper: Unemployment and Consumption: are Job Losses Less Painful Near the Mediterranean? (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:cmf:wpaper:wp2000_0010

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