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Meghir, Costas; Chiappori, Pierre-André - National Bureau of Economic Research (NBER) - 2014

Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element … of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus …, measures of inequality that ignore intra household allocations are both incomplete and misleading. We discuss determinants of …

Persistent link: https://www.econbiz.de/10010780812

Do Rising Tides Lift All Prices? Income Inequality and Housing Affordability

Vigdor, Jacob; Matlack, Janna L. - National Bureau of Economic Research (NBER) - 2006

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 model, or in models where the rich and poor consume...

Persistent link: https://www.econbiz.de/10005049798

Time is Money: Life Cycle Rational Inertia and Delegation of Investment Management

Mitchell, Olivia; Kim, Hugh Hoikwang; Maurer, Raimond - National Bureau of Economic Research (NBER) - 2013

valuable to both the young and the old. Our calibrated model quantifies welfare gains from including investment time and money …

Persistent link: https://www.econbiz.de/10011210995

Risk and Return in Village Economies

Townsend, Robert M.; Samphantharak, Krislert - National Bureau of Economic Research (NBER) - 2013

We present a framework for the study of risk and return of household enterprise in developing economies. We make predictions from two polar benchmarks: (1) an economy with Pareto optimal allocations under full risk sharing, and (2) an economy in which each autarky household absorbs risk in...

Persistent link: https://www.econbiz.de/10010821669

Measuring Trends in Leisure: The Allocation of Time Over Five Decades

Aguiar, Mark; Hurst, Erik - National Bureau of Economic Research (NBER) - 2006

the growing inequality of wages and expenditures, making welfare calculation based solely on the latter series incomplete. …-educated adults experiencing the largest increases. Lastly, we document a growing "inequality" in leisure that is the mirror image of …

Persistent link: https://www.econbiz.de/10005034910

The Transformation of Hunger: The Demand for Calories Past and Present

Logan, Trevon D. - National Bureau of Economic Research (NBER) - 2005

greater than calorie elasticity estimates for households in present day developing countries. The results are robust to …

Persistent link: https://www.econbiz.de/10005014924

Racial Disparities in Savings Behavior for a Continuously Employed Cohort

Kuan, Kai Yuan; Cullen, Mark R.; Modrek, Sepideh - National Bureau of Economic Research (NBER) - 2015

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 this paper we examine 401(k) saving behavior of...

Persistent link: https://www.econbiz.de/10011165131

Further Results on Measuring the Well-Being of the Poor Using Income and Consumption

Meyer, Bruce D.; Sullivan, James X. - National Bureau of Economic Research (NBER) - 2007

In the U.S., analyses of poverty rates and the effects of anti-poverty programs rely almost exclusively on income data. In earlier work (Meyer and Sullivan, 2003) we emphasized that conceptual arguments generally favor using consumption data to measure the well-being of the poor, and, on...

Persistent link: https://www.econbiz.de/10005777994

Consumption, Income, and Material Well-Being After Welfare Reform

Meyer, Bruce D.; Sullivan, James X. - National Bureau of Economic Research (NBER) - 2006

This paper investigates how material well-being has changed over time for those at the bottom of the distributions of income and consumption. We document the sharp differences between recent trends in measured income and consumption, focusing on families headed by a single mother. Since the...

Persistent link: https://www.econbiz.de/10005050115

Insurance in extended family networks

Attanasio, Orazio; Meghir, Costas; Mommaerts, Corina - National Bureau of Economic Research (NBER) - 2015

We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is insured, having accounted for public insurance programs....

Persistent link: https://www.econbiz.de/10011240581