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9 March 2020 Labour Markets Authors: Peter Ganong (University of Chicago), Pascal Noel (University of Chicago)

Consumer spending during unemployment: evidence from US bank account data

Nearly all of us experience unemployment at some point in our careers. For example, the Bureau of Labor Statistics finds that 90% of baby boomers have been out of work at least once in their lives. Unemployment is stressful in part because many people do not have enough savings to maintain their standard of living […]

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