Showing 1 - 7 of 7
Recent research has documented that income inequality in the United States has increased dramatically over the prior … three decades. There has been less of a consensus, however, on whether the increase in income inequality was matched by an … Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different …
Persistent link: https://www.econbiz.de/10013107973
result in income or health gains …
Persistent link: https://www.econbiz.de/10013068296
heterogeneity. In contrast to simpler models that attribute all income fluctuations to shocks, our framework disentangles …
Persistent link: https://www.econbiz.de/10012757525
This paper uses household survey data form several developing countries to investigate whether the poor (defined as those living under $1 or $2 dollars a day at PPP) and the non poor have different mortality rates in old age. We construct a proxy measure of longevity, which is the probability...
Persistent link: https://www.econbiz.de/10012759650
and agriculture), and an increase in profit. But this increase in profit was offset by a reduction in income from casual … labor, so overall there was no gain in measured income or consumption. We find suggestive evidence that these results are …
Persistent link: https://www.econbiz.de/10013052669
choices over the life cycle. We start by analyzing the theoretical impact of income changes on consumption - highlighting the … contributions, distinguishing between papers that use only income data and those that use both income and consumption data. The … and identify the income process or the information set of the individuals. Second, one can assume that the income process …
Persistent link: https://www.econbiz.de/10013144744
We review different empirical approaches that researchers have taken to estimate how consumption responds to income … changes. We critically evaluate the empirical evidence on the sensitivity of consumption to predicted income changes …, distinguishing between the traditional excess sensitivity tests, and the effect of predicted income increases and income declines. We …
Persistent link: https://www.econbiz.de/10013147962