most of them focus on income or earnings inequality. In this paper, we investigate the consumption disparity between urban … consumption disparity. The price effect is the dominant factor for the urban-rural consumption disparity. This disparity increased … this increase was mainly from the higher growth rate of urban household consumption. Our results also suggest that rural …

stochastic simulation of consumption choices in a nonstationarity environment is used to show the robustness of the method for … decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

inequality in the US and provide a basis for weighing the relative decline in earnings and consumption for the less educated …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …

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

Consumption expenditure declines sharply at the time of retirement for many households, but the majority maintain a … smooth consumption path. A simple life cycle model with uncertainty about the time of retirement can account for this pattern … consumption expenditure at retirement generated by the model is zero, while the mean is negative, matching the HRS data. However …

in a model with non-durable and durable consumption. The stock of the durable is exposed to risk against which households …-durable consumption. Introducing labor income risk into the model does not necessarily increase the importance of market insurance if the …

subcategories such as cereals, or meat and fish, and other consumption categories such as alcohol and tobacco, medical, and … ’consumption expenditure patterns. We find some differences in consumption patterns which relate to differences in gender of …

collective consumption model, while accounting for general (possibly non-convex) individual preferences. We establish a … nature of consumption externalities (positive or negative) in the intra-household allocation process is non-testable. The … same non-testability conclusion holds for privateness (with or without externalities) or publicness of consumption. By …