Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …-cycle changes, transitory and permanent shocks and estimate the contribution of each to total inequality. Our model fits the joint … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …

could give a misleading picture of households' preparedness for retirement as it cannot capture the vast heterogeneity in …

distributed than income, and points to a long term downward trend in wealth inequality over most of the twentieth century. We also …

China's income inequality has been largely overlooked as the economy moves rapidly toward the Kuznets curve peak. This paper … find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in …

heterogeneity on macroeconomic outcomes and policies. …

residential mobility? iv) Is there a link between homeownership and wealth inequality? Between inequality in housing wealth and in … distribution. Another important issue is whether housing-related policies raise potential trade-offs between equity, or inequality …

recession, resulting in a substantial rise in unemployment, and income and wealth inequality. This paper uses longitudinal data …