TY  - RPRT
        AU  - Benito, Andrew
AU  - Saleheen, Jumana
        TI  - Labour Supply as a Buffer: Evidence from UK Households
        PY  - 2012/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 6506
        UR  - https://www.iza.org/index.php/publications/dp6506
        AB  - This paper examines labour supply adjustment – both hours worked and participation decisions. We focus on the response of each to financial shocks, employing data from the BHPS. Estimated responses are broadly consistent with models of self-insurance that incorporate labour supply flexibility. The shock reflects several factors including financial wealth and a partner's employment situation. The response is significantly larger for those who change job, consistent with the importance of hours constraints within jobs. The propensity to participate in the labour market also appears to respond to the financial shock but that is somewhat less robust than the hours response.
        KW  - self-insurance
KW  - labour supply
        ER  -