ECON2367 Ohio University Do the Consumption Smoothing Incentives Work HW

What is the primary objective of this paper? What are the key findings? What is the economic reasoning provided behind the results obtained? Do the traditional consumption smoothing incentives work? Suppose hypothetically, the government introduced a program which trained the displaced workers in skills that were required in the less exposed industries. How would the evolution of household debt be different in this case?

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