Consumption and time use responses to unemployment

Implications for the lifecycle model

Bibliographic Data

ID9727588
AuthorsJim Been (0000-0002-5939-9517, Leiden University and Netspar, corresponding author), Eduard Suari‐Andreu (Leiden University and Netspar), Eduard Suari-Andreu (0000-0001-8528-7976, Leiden University), Marike Knoef (0000-0003-4134-4961, Leiden University, Tilburg University and Netspar), Rob Alessie (University of Groningen and Netspar), Rob J M Alessie (0000-0002-5128-6753, University of Groningen)
Year2024
Volume91
Issue361
Pages1-32
Publication date2024-01-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/ecca.12494
OpenAlexW4386220666
LanguageEN
Citations received1
References cited43

In this study, we analyse the effects of unemployment on consumption and time use. To do so, we employ a micro panel dataset for the Netherlands containing a large set of expenditure and time use categories. Our results show a small negative effect of unemployment on expenditures, and large positive effects on time spent on home production and leisure activities. We do not find evidence for complementarity between leisure and consumption or for substitution between home production and expenditures. We use our results to estimate a ratio of relevant lifecycle parameters, and show that the point estimates and their precision depend strongly on the expenditure and time use categories considered

Complementarity (molecular biology) · Consumption (sociology) · Econometrics · Economics · Labour economics · Macroeconomics · Microeconomics · Panel data · Point (geometry) · Production (economics) · Substitution (logic) · Unemployment · Computer Science · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Labor market dynamics and wage inequality · Mathematics

Tools

Open DOIOpen Access