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Gig labor: Trading safety nets for steering wheels

Author

Listed:
  • Fos, Vyacheslav
  • Hamdi, Naser
  • Kalda, Ankit
  • Nickerson, Jordan

Abstract

Using administrative data on credit profiles matched with unemployment insurance (UI) for individuals in the U.S., we show that laid-off workers with access to Uber rely less on household debt, experience fewer delinquencies, and are less likely to apply for UI benefits. Our empirical strategy exploits both the staggered market entry of Uber across cities and the differential benefit of its entry across car owners based on car age, a key eligibility requirement of the platform. We conclude that the introduction of Uber reduced reliance on these alternative means of smoothing extreme income shocks.

Suggested Citation

  • Fos, Vyacheslav & Hamdi, Naser & Kalda, Ankit & Nickerson, Jordan, 2025. "Gig labor: Trading safety nets for steering wheels," Journal of Financial Economics, Elsevier, vol. 163(C).
    • Handle: RePEc:eee:jfinec:v:163:y:2025:i:c:s0304405x2400179x
    DOI: 10.1016/j.jfineco.2024.103956
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