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Why Are Saving Rates of Urban Households in China Rising?
Chamon, Marcos; Prasad, Eswar - International Monetary Fund (IMF) - 2008
expenditures on housing, education, and health care. …
Persistent link: https://www.econbiz.de/10011123886
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The Myth of Post-Reform Income Stagnation in Brazil
Filho, Irineu E. Carvalho; Chamon, Marcos - International Monetary Fund (IMF) - 2006
This paper uses Engel curves to estimate real income growth in Brazil. The estimated per capita household real income growth in metropolitan areas during 1987-2002 is about 4½ percent per year, well above the "headline" growth of 1½ percent obtained by deflating nominal incomes by the CPI....
Persistent link: https://www.econbiz.de/10005768765
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The Myth of Post-Reform Income Stagnation; Evidence From Brazil and Mexico
Filho, Irineu E. Carvalho; Chamon, Marcos - International Monetary Fund (IMF) - 2008
Economic policies are often judged by a handful of statistics, some of which may be biased during periods of change. We estimate the income growth implied by the evolution of food demand and durable good ownership in post-reform Brazil and Mexico, and find that changes in consumption patterns...
Persistent link: https://www.econbiz.de/10005769214
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What Can Explain Excess Smoothness and Sensitivity of State-Level Consumption?
Sørensen, Bent E.; Luengo-Prado, Maria Jose - Department of Economics, University of Houston - 2005
This article estimates marginal propensities to consume (MPC) out of current and lagged income for U.S. states using panel data regressions that control for time-specific and state-level fixed effects. The MPCs vary across states, in particular, the MPC out of current income is higher in states...
Persistent link: https://www.econbiz.de/10005609454
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Permanent-income inequality
Abbott, Brant; Gallipoli, Giovanni - 2019
wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012431054
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Why net worth is the wrong concept for explaining consumption : evidence from Italy
De Bonis, Riccardo; Liberati, Danilo; Muellbauer, John; … - 2023
Persistent link: https://www.econbiz.de/10014429983
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Consumption and wealth : new evidence from Italy
De Bonis, Riccardo; Liberati, Danilo; Muellbauer, John; … - 2020
Persistent link: https://www.econbiz.de/10012609809
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Permanent-income inequality
Abbott, Brant; Gallipoli, Giovanni - 2019 - This draft: February 17, 2019
wealth portfolios. We estimate the distribution of human wealth using nonparametric identification results that allow for … of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …
Persistent link: https://www.econbiz.de/10012183332
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Permanent‐income inequality
Abbott, Brant; Gallipoli, Giovanni - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1023-1060
of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance …
Persistent link: https://www.econbiz.de/10013382060
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Permanent-income inequality
Abbott, Brant; Gallipoli, Giovanni - In: Quantitative Economics 13 (2022) 3, pp. 1023-1060
of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh …Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … human wealth. The latter mitigates permanent-income inequality, though its influence is diminished by the growing importance …
Persistent link: https://www.econbiz.de/10014536952