| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27646 |
| 来源ID | Working Paper 27646 |
| The Pass-Through of Uncertainty Shocks to Households | |
| Marco Di Maggio; Amir Kermani; Rodney Ramcharan; Vincent Yao; Edison Yu | |
| 发表日期 | 2020-08-10 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Using new employer-employee matched data, this paper investigates the impact of uncertainty, as measured by idiosyncratic stock market volatility, on individual outcomes. We find that firms provide at best partial insurance to their workers. An increase in firm-level uncertainty is associated with a decline in total compensation, especially in variable pay. In turn, individuals reduce their durable goods consumption in response to these uncertainty shocks. These shocks also lead to greater financial fragility among lower-income earners. We also construct a new county-level uncertainty shock and find that local uncertainty shocks reduce county level durable consumption. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Consumption and Investment ; Financial Economics |
| URL | https://www.nber.org/papers/w27646 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/585318 |
| 推荐引用方式 GB/T 7714 | Marco Di Maggio,Amir Kermani,Rodney Ramcharan,et al. The Pass-Through of Uncertainty Shocks to Households. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27646.pdf（256KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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