We analyse the effect of shocks to housing wealth and income before and after the Great Recession. We combine datasets … containing information on expenditure, income, wealth and debt in a synthetic panel to understand how household indebtedness … affects the response to income and wealth shocks.We find evidence for both a housing wealth effect and income shocks …

decomposing disposable income into labour, property and transfer income is essential for understanding and forecasting consumption …. Finally, substantial crosscountry heterogeneity in marginal propensities to consume out of income and wealth components calls …

In the U.S., analyses of poverty rates and the effects of anti-poverty programs rely almost exclusively on income data … mothers. Our earlier work did not show that income and consumption differ in practice. Here we further examine data quality … issues and show that important conclusions about recent trends depend on whether one uses consumption or income. Changes in …

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 …

We evaluate consumption and income measures of the material well-being of the poor. We begin with conceptual and … pragmatic reasons that favor income or consumption. Then, we empirically examine the quality of standard data by studying … aggregates. We also compare low reports of income and consumption to other measures of hardship and well-being. The closer link …

process using two data sets: the Panel Study of Income Dynamics and a large, synthetic, data set that matches the dynamics of …

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 …

disability and its association with a wide range of outcomes, including earnings, income, and consumption. We then employ some of … decline in after-tax income, a 24 percent decline in food and housing consumption and a 22 percent decline in food consumption …

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 …