Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004
Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious … on the estimated age profiles for inequality and, thus, on the answers to those questions. It also shows that time … effects are required to account for the observed trends in inequality in thirty years of US data, whereas there is no evidence …