repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in … consumption inequality did not increase much over this period. Our results support the view that many permanent changes in income …

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 … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the …

We use micro data from the U.S. Internal Revenue Service to document how Federal Income tax liabilities vary with … income, marital status and the number of dependents. We report facts on the distributions of average taxes, properties of the … joint distributions of taxes paid and income, and discuss how taxes are affected by marital status and the number of …

household survey for 1984 in combination with data on public day care fees and spaces per child by community. We argue that the … the household. The joint out-of-home child care and labor supply decision is analyzed by logit-choice models. We find that …, even when a spouse's income is high, and that when spaces are not rationed a lower price encourages use. This is consistent …

) framework by incorporating heterogeneity in nominal wage setting behavior among households. We solve this DSGE model and …In this paper we estimate a New-Keynesian DSGE model with heterogeneity in price and wage setting behavior. In a recent … heterogeneity in wage rigidity, such as the persistence in price and the wage inflation, which a standard New Keynesian model with …

% of households, with higher income or liquid wealth. The estimated heterogeneity implies that the tax rebates added a 3 … of American households. Around 45% of the sample saved the entire value of the rebate. Another 20%, with low income and …This paper estimates the heterogeneous responses to the 2001 income tax rebates across endogenously determined groups …

recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with firm heterogeneity …. Within this framework we show that non-separable utility, variable demand elasticity and endogenous firm heterogeneity cause … that the extent of the errors depends on the degree of firm heterogeneity. In particular, the inefficiency of the market …

Consumption Expenditure Survey (CEX) to estimate individual-level impulse responses as well as multipliers for government spending … different effects on consumers depending on their age, income levels, and education. In particular, the wealthiest individuals … tend to decrease consumption inequality, whereas tax policy shocks most negatively affect the lives of the poor, more so …

This paper studies how firm heterogeneity in terms of productivity affects the balance between agglomeration and … endogenous markups. It shows that firm heterogeneity matters. However, whether it shifts the balance from agglomeration to … `evenness'. Accordingly, the role of firm heterogeneity in selection models of agglomeration can not be fully understood without …

country's overall cultural heterogeneity occurs between groups, this does not imply that cultural differences between groups …