This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the … degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX … found to play an important role in insuring permanent shocks. Adding durable expenditures to the consumption measure …

consumption data. We develop a specific approximation to the optimal consumption growth rule and use Monte Carlo evidence to show …

. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special …This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …-sectional distribution of consumption growth, and analyzing the way these two measures of household welfare correlate over time. We combine …

consumption distribution, poverty and inequality for the world and specific country aggregates. …We introduce two separate datasets (The Global Consumption Dataset (GCD) and The Global Income Dataset (GID …)) containing an unprecedented portrait of consumption and income of persons over time, within and across countries, around the …

consumption and that the shocks we analyze reduce consumption inequality on impact. …This paper sheds new light on the interactions between business cycles and the consumption distribution. We use … Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We …

consumption distribution, poverty, and inequality for the world and specific country aggregates. …We introduce two separate datasets - the Global Consumption Dataset and the Global Income Dataset - containing an … unprecedented portrait of consumption and income of persons over time, within and across countries, around the world. The benchmark …

one gets about trends in the level and inequality of living standards in the UK when using consumption, and when one adds …This paper compares consumption and income as measures of households' living standards using UK data. It presents … composition of households with low living standards if these are identified with consumption rather than income. …

In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that … incorporates household consumption and family labour supply decisions. We derive analytical expressions based on approximations for … the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, non …

We revisit the transmission mechanism of monetary policy for household consumption in a Heterogeneous Agent New … intertemporal substitution drives virtually all of the transmission from interest rates to consumption. …

We analyze the consumption and wealth inequality in an OLG model with mandatory pension systems. Our framework features … consumption inequality and wealth inequality. Second, a pension system reform from a defined benefit to a defined contribution … works to reinforce consumption inequality and reduce wealth inequality. Third, minimum pension benefits are able to …