. We find that consumption expenditures are tightly linked to permanent-income; however, liquidity constraints can lead to …

Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from … higher consumption, with most of the losses accruing after 2000. …

income. This finding is consistent with consumption externalities resulting from upward-looking status comparisons. Secondly …

bywidening top income inequality, rising private savings and compressed consumption rates.Rising corporate profits in an …

measures as well as consumption based measures are gaining increasing currency in scientific analysis of economic well …-being. Our findings suggest that a consumption-based measure gives very different answers about relative economic standing across … measuring the relationship between income and consumption across groups and time, we are able to evaluate how differences in …