Table 3 Consumption simulation and a new... | Emerald Publishing

Table 3

Consumption simulation and a new policy

Period (t)	Employment status	Consumption and unemployment policy
Period (t)	Employment status	No unemployment benefit (⁠ $γ = 0$ ⁠)
0	Employed	0.905
1	Employed	0.910
2	Employed	0.914
3	Employed	0.919
4	Employed	0.924
5	Employed	0.929
6	Employed	0.933
7	Unemployed	0.890
8	Employed	0.895
9	Employed	0.900
Future consumption conditional on employment status without and with unemployment benefit		Consumption without benefit ( $γ = 0$ )	Consumption with benefit ( $γ = 0.5$ )
10	Employed	0.905	0.902
10	Unemployed	0.857	0.884

Period (t)	Employment status	Consumption and unemployment policy
Period (t)	Employment status	No unemployment benefit ( $γ = 0$ )
0	Employed	0.905
1	Employed	0.910
2	Employed	0.914
3	Employed	0.919
4	Employed	0.924
5	Employed	0.929
6	Employed	0.933
7	Unemployed	0.890
8	Employed	0.895
9	Employed	0.900
Future consumption conditional on employment status without and with unemployment benefit		Consumption without benefit ( $γ = 0$ )	Consumption with benefit ( $γ = 0.5$ )
10	Employed	0.905	0.902
10	Unemployed	0.857	0.884

Note(s): The following parameters are adopted: p = 0.90, r = 0.04, Y = 1

Initial wealth equals zero (A₀ = 0)