Comment and discussion (3)

Article Abstract:

The government became a contributor rather than a user of saving in the aggregate. Private savings was used to offset the change in the government's role in credit flows. There was an increase in consumption as a fraction of GDP over the 1980s and 1990s at the time that the government changed its role. Increases in the value of housing was responsible for the large rise in household asset transactions. House buyers took on larger mortgages as houses changed ownership.

Personal finance, Savings

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Can families smooth variable earnings?

Article Abstract:

The US labor market has experienced instances of earnings instability since the 1970s with a 76% increase in the earnings variation in male breadwinners and fluctuations in consumption of family members. However, households are able to weather such financial crises, having insignificant effects on nondurables expenses, through government transfers and taxes. Policies on taxation are valuable consumption equalizing mechanisms particularly for the unemployed.

Economic Programs, Administration of Economic Programs, Economic policy, Consumption (Economics), Labor market, Wages, Wages and salaries

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Lost jobs

Article Abstract:

The economics of job loss is analyzed by presenting its occurrence and its effects. The analysis also establishes that the incidence of job loss is followed by a slow re-establishment of employment relationships for a long duration. A microeconomic analysis on an individual's job loss shows that this could lead to lower wages, periods of episodic employment and job search periods.

Layoffs

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