Narrow search
Showing 1 - 10 of 163
Cover Image
Consumption over the Life Cycle: Some Facts from Consumer Expenditure Survey Data
Fernandez-Villaverde, Jesus; Krueger, Dirk - Centro de Análisis y Estudios Ríos Pérez (CAERP) - 2002
consumption, controlling for demographics, cohort and time effects. In addition to documenting profiles for total and nondurable … consumption, we devote special attention to the age expenditure pattern for consumer durables. We find hump-shaped paths over the … that households do not smooth consumption over their lifetimes. This is especially true for services from consumer durables …
Persistent link: https://www.econbiz.de/10005453773
Cover Image
Cross Sectional Facts for Macroeconomists
Krueger, Dirk; Perri, Fabrizio; Pistaferri, Luigi; … - In: Review of Economic Dynamics 13 (2010) 1, pp. 1-14
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …
Persistent link: https://www.econbiz.de/10008487510
Cover Image
Cross Sectional Facts for Macroeconomists
Krueger, Dirk; Perri, Fabrizio; Pistaferri, Luigi; … - C.E.P.R. Discussion Papers - 2009
cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …
Persistent link: https://www.econbiz.de/10008509469
Cover Image
Pareto improving social security reform when financial markets are incomplete!?
Krueger, Dirk; Kubler, Felix - Center for Financial Studies - 2005
This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated a system that endows retired...
Persistent link: https://www.econbiz.de/10010958741
Cover Image
Pareto improving social security reform when financial markets are incomplete!?
Krueger, Dirk; Kubler, Felix - 2005
This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated a system that endows retired...
Persistent link: https://www.econbiz.de/10010298302
Cover Image
Pareto Improving Social Security Reform when Financial Markets Are Incomplete
Krueger, Dirk; Kübler, Felix - C.E.P.R. Discussion Papers - 2005
This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated a system that endows retired...
Persistent link: https://www.econbiz.de/10005123907
Cover Image
Pareto Improving Social Security Reform when Financial Markets are Incomplete!?
Krueger, Dirk; Kubler, Felix - Center for Financial Studies - 2005
This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated a system that endows retired...
Persistent link: https://www.econbiz.de/10005176438
Cover Image
Pareto Improving Social Security Reform When Financial Markets are Incomplete!?
Krueger, Dirk - 2008
This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated a system that endows retired...
Persistent link: https://www.econbiz.de/10012774410
Cover Image
Risk Sharing : Private Insurance Markets or Redistributive Taxes?
Krueger, Dirk; Perri, Fabrizio - 2008
We explore the welfare consequences of different taxation schemes in an economy where agents are debt-constrained. If agents default on their debt, they are banned from future credit markets, but retain their private endowments which are subject to income taxation. A change in the tax system...
Persistent link: https://www.econbiz.de/10014215741
Cover Image
Consumption Over the Life Cycle : Some Facts from Consumer Expenditure Survey Data
Fernández-Villaverde, Jesús; Krueger, Dirk - 2008
consumption, controlling for demographics, cohort and time effects. In addition to documenting profiles for total and nondurable … consumption, we devote special attention to the age expenditure pattern for consumer durables. We find hump-shaped paths over the … that households do not smooth consumption over their lifetimes. This is especially true for services from consumer durables …
Persistent link: https://www.econbiz.de/10014101518