Pistaferri, Luigi; Saporta-Eksten, Itay - Dipartimento del Tesoro, Ministero dell'Economia e … - 2012
Since the late 1970s there has been a remarkable and persistent increase in wage inequality in the US and other …) earnings, household disposable income, and (less consistently) consumption. Some of the changes in inequality are exogenous and … aggregate consumption. We focus in particular on changes in inequality, volatility, and expectations, and highlight the …