If a person has imperfect or partial self-insurance against job loss,they are likely to:

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If a person has imperfect or partial self-insurance against job loss, they are likely to smooth consumption to some extent, but not fully. This means that they may reduce their consumption, but not to the point of zero, in the event of a job loss. They may also draw on their savings or other sources of income to maintain some level of consumption. However, they may not be able to smooth consumption fully, as the loss of their job may have a significant impact on their overall income and financial situation.

If a Person Has Imperfect or Partial Self-Insurance Against Job