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dc.contributor.authorJüßen, Falkoen_US
dc.date.accessioned2008-08-29en_US
dc.date.accessioned2010-07-07T11:33:15Z-
dc.date.available2010-07-07T11:33:15Z-
dc.date.issued2008en_US
dc.identifier.urihttp://hdl.handle.net/10419/35071-
dc.description.abstractFinancial markets provide imperfect insurance of labor income risk. However, workers can partly insure against labor market risk by commuting to adjacent regions. Since commuters own wage claims to output produced in adjacent regions, the business cycle in the neighborhood becomes a relevant risk factor at the regional level. In our empirical analysis for US states, we show this effect to be important. State-specific consumption comoves with business cycle shocks that hit adjacent states, in particular if a state is integrated by commuter flows. This labor market perspective on regional risk sharing complements previous studies that investigated risk sharing through financial markets.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesIZA Discussion Papers 3374en_US
dc.subject.jelE21en_US
dc.subject.ddc330en_US
dc.subject.keywordRisk sharingen_US
dc.subject.keywordconsumption smoothingen_US
dc.subject.keywordcommutingen_US
dc.subject.keywordlabor market risken_US
dc.subject.stwPendelverkehren_US
dc.subject.stwEinkommenen_US
dc.subject.stwRisikoen_US
dc.subject.stwRegionaler Konjunkturzyklusen_US
dc.subject.stwGesamtwirtschaftlicher Konsumen_US
dc.subject.stwTeilstaaten_US
dc.subject.stwRegionaler Arbeitsmarkten_US
dc.subject.stwUSAen_US
dc.titleRisk sharing and commuting among US federal statesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn560201451en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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