Uncertainty, Redistribution, and the Labor Market

Casey Mulligan

No 19553, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Uncertainty and its composition can affect the demand for social insurance, and thereby the labor market. This paper shows that small to medium-sized increases in uncertainty or risk aversion are enough to recommend an expansion of the safety net that would be broadly similar to the actual safety net expansions, which significantly depressed the labor market. Labor market effects of uncertainty through investment and insurance channels are also examined with employer and employee labor wedges.

JEL-codes: D33 E24 I38 J22 (search for similar items in EconPapers)
Date: 2013-10
New Economics Papers: this item is included in nep-ias, nep-lab, nep-mac and nep-upt
Note: EFG LS
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Published as Uncertainty, redistribution, and the labor market since 2007 Casey B MulliganEmail author IZA Journal of Labor Policy20143:8

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