This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the … degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX … cross-sections and distinguishes between permanent and transitory income shocks. We find some partial insurance of permanent …

This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance …

use of a more accurate approximation allowing for partial self-insurance against permanent shocks. We show that the use of … data on median asset holdings corrects much of the error in the simple approximation which assumes no self-insurance …

growth. We use this approach to investigate the growth in income inequality in the UK in the 1980s. …

use of a more accurate approximation allowing for partial self-insurance against permanent shocks. We show that the use of … data on median asset holdings corrects much of the error in the simple approximation which assumes no self-insurance …

growth. We use this approach to investigate the growth in income inequality in the UK in the 1980s. …

use of a more accurate approximation allowing for partial sef-insurance against permanent shocks. We show that the use of … data on median asset holdings corrects much of the error in the simple approximation which assumes no self-insurance …

This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance …

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. …

-cycle model, we determine that taxes and transfers offset 45% of lifetime earnings inequality attributed to differences in … lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …