unsurprisingly shows that decreases in one's own income lead to less housing consumption and less income left over after paying for …Simple partial-equilibrium models suggest that income increases at the high end of the distribution can raise price … paid by those at the low end of the income distribution. This prediction does not universally hold in a general equilibrium …

income and consumption. We document the sharp differences between recent trends in measured income and consumption, focusing …, while income has risen by more than 15 percent for the fourth and fifth deciles. The trends for consumption, on the other … evident in two income and two consumption data sources. We then examine several explanations for these differences. We argue …

mothers. Our earlier work did not show that income and consumption differ in practice. Here we further examine data quality … issues and show that important conclusions about recent trends depend on whether one uses consumption or income. Changes in … precision. Finally, we demonstrate the flaws in a recent paper that compares income and consumption data. …

The wealth gap has reached record highs. At the same time there has been substantial proliferation of 401(k) savings … accounts as the dominant retirement savings vehicle, and these accounts make up an increasing proportion of overall wealth. In … income to their 401(k) plan on average. We also show that African Americans and Hispanics tend to draw down on their 401(k …

charitable giving, the estate tax may influence the disposition of terminal wealth. In this paper, I examine the effects of … charitable bequests are wealth elastic. …

Backcasting upward bias in price index over long periods of time yields levels of real consumption two or four …