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 …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

women) can help explain measurable outcomes such as marriage formation, intra-marriage distribution of consumption goods …, savings, labor supply, leisure, type of relationship, divorce, and intermarriage. Predictions are based on Demand and Supply …

wealth households. Only models of consumption which include precautionary savings motives can explain why poorer households … both reduce their consumption and increase their savings in response to an exogenous decline in income. …This paper examines the extent to which consumption in Russian households responds to exogenous income shocks. During …

The public finance literature demonstrates the equivalence between consumption and laborincome (wage) taxes. We … goods. We use this paradigm to test whether a labor-income tax and an equivalent consumption tax lead to identical … saving, subjects reduce their labor supply significantly more in response to an income tax than to an equivalent consumption …