countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …

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 … decreased during the 2000-2005 economic recovery. The decrease appears to be driven by falling volatility of transitory income …

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

elasticity declines over time after 1981. It is invariant to controlling for income inequality but diminished upon controlling … more clearly relevant. Using state-level panel data for India, we contribute the first estimates of the impact of changes … income, indicating the size of survival gains from redistribution in favour of households below the poverty line. The poverty …

that this effect is stronger for poorer households within villages. Household income per capita and non-durable consumption …In this paper, we examine the impact of reductions in barriers to migration on the consumption of households in rural … China. We find that increased migration from rural villages leads to significant increases in consumption per capita, and …

is entirely driven by an increase in mortality among low income individuals, who are more likely to experience liquidity …

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 …

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 …

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 …

decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …We develop a new approach to the decomposition of income risk within a nonstationary model of intertemporal choice. The … approach allows for changes in income risk over the life-cycle and with the business cycle. It requires only repeated cross …