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dc.contributor.authorJüßen, Falkoen
dc.date.accessioned2008-08-29-
dc.date.accessioned2010-07-07T11:33:15Z-
dc.date.available2010-07-07T11:33:15Z-
dc.date.issued2008-
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
dc.language.isoengen
dc.publisher|aInstitute for the Study of Labor (IZA) |cBonnen
dc.relation.ispartofseries|aIZA Discussion Papers |x3374en
dc.subject.jelE21en
dc.subject.ddc330en
dc.subject.keywordRisk sharingen
dc.subject.keywordconsumption smoothingen
dc.subject.keywordcommutingen
dc.subject.keywordlabor market risken
dc.subject.stwPendelverkehren
dc.subject.stwEinkommenen
dc.subject.stwRisikoen
dc.subject.stwRegionaler Konjunkturzyklusen
dc.subject.stwGesamtwirtschaftlicher Konsumen
dc.subject.stwTeilstaaten
dc.subject.stwRegionaler Arbeitsmarkten
dc.subject.stwUSAen
dc.titleRisk sharing and commuting among US federal states-
dc.type|aWorking Paperen
dc.identifier.ppn560201451en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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