Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of … 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 …

decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

with no paternal shock. In contrast, there was a negligible insurance response for mothers with no employment protection. …

This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the …

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … with greater self-insurance against permanent shocks and greater smoothing of transitory shocks. Comparisons of RLMS data …

This paper provides an illustration of the changing tolerance for inequality in a context of radical political and … institute (CBOS) from 1992 to 2005, we identify a structural break in the relationship between income inequality and subjective … well-being. The downturn in the tolerance for inequality (1997) coincides with increasing distrust of political elites. …

in the evolution of life-cycle inequality? In this paper, we use rich Norwegian data to answer these important questions …'s income matters less for the dynamics of inequality over the life-cycle. …

inequality or relatively high population density. Households whose head has relatively low educational attainment are also …