consumption, controlling for demographics, cohort and time effects. In addition to documenting profiles for total and nondurable … consumption, we devote special attention to the age expenditure pattern for consumer durables. We find hump-shaped paths over the … that households do not smooth consumption over their lifetimes. This is especially the case for services from consumer …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

from the Current Population Survey and consumption data from the Consumer Expenditure Survey. This new evidence on the … poverty, examining alternative income poverty and consumption poverty, which have conceptual and empirical advantages as … measures of the well-being of the poor. We find that both income and consumption poverty are sensitive to macroeconomic …