Template-type: ReDIF-Paper 1.0
Author-Name: Lo Prete, Anna 
Author-Email: anna.loprete@unito.it
Author-Workplace-Name: University of Turin
Author-Workplace-Homepage: http://www.est.unito.it/
Title: Labour market institutions and household consumption insurance within OECD countries
Abstract: This paper tests empirically whether the effect of idiosyncratic income shocks on aggregate consumption 
depends on institutional features of national labour markets. The results show that in a sample of 15 OECD countries 
institutional heterogeneity is a significant determinant of the response of household consumption to country-specific income shocks. 
This is consistent with the idea that institutionally-provided social insurance may help increase income stability when 
people differ in their ability to access financial markets and smooth consumption fluctuations.
Length: 33 pages
Creation-Date: 2015-05
File-URL: http://www.est.unito.it/do/home.pl/Download?doc=/allegati/wp2015dip/wp_15_2015.pdf
File-Format: Application/PDF
Handle: RePEc:uto:dipeco:201515