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increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics …A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing …
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wealth. Accounting for the heterogeneity in types of income changes is therefore important to understanding the multiplier …We develop an income shock classification taxonomy that classifies income changes into 9 categories based on the … magnitude, direction and permamency of the income change. Using 01/2017 - 06/2022 bank transaction data of Belgian employees and …
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