In this paper we propose a method to characterize the time series properties of individual consumption, income and … consumption and the studies that relate innovations to income to innovations to consumption, such as those that have found the so …

decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each … intergenerational structure of the Panel Study of Income Dynamics. We find that over 60% of shocks to household income are potentially …

Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different … nearly the same amount as income inequality …Recent research has documented that income inequality in the United States has increased dramatically over the prior …