welfare and inequality measurement, aggregation, and econometric model analysis. – Consumption ; Income ; Lognormal … ; Inequality ; Gibrat …

This paper considers data quality issues for the analysis of consumption inequality exploiting two complementary … affecting observed measures of consumption inequality. Implications of our ?ndings are used as a test for the permanent income …

In this paper we document significantly steeper declines in nondurable expenditures in the UK compared to the US, in … expenses - are the main factor accounting for the steeper declines in nondurable expenses in the US compared to the UK. …

Much of the focus of the UK pensions policy debate over the past decade has been on the adequacy (or otherwise) of …

extent to which those who recently reached the state pension age in the UK have saved optimally for retirement. The policy … environment specified closely matches that prevailing in the UK. Using the model and administrative data linked with survey data …

shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then …

both individual survey data on wealth holdings and administrative data on earnings histories from the UK to examine this … the US, but somewhat at odds with evidence from the UK which has examined retirement wealth and lifetime earnings in the … HRS data, applying exactly the same methodology as we have used on the UK data, and find broadly the same results as these …