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Luxuries, necessities, and the allocation of time
Fang, Lei; Hannusch, Anne; Silos, Pedro - 2021
types: luxuries and necessities. Luxuries (necessities) are activities for which time and expenditure shares rise (decline …, the rise in the price of leisure luxuries has reduced welfare inequality while the rise in wage dispersion has increased … reallocations of time and expenditures across activities. This effect is quantitatively important for welfare inequality. Since 2003 …
Persistent link: https://www.econbiz.de/10012792724
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Differences across place and time in household expenditure patterns : implications for the estimation of equivalence scales
Daley, Angela; Garner, Thesia Isedora; Phipps, Shelley A.; … - 2020
Equivalence scales are often used to adjust household income for differences in characteristics that affect needs. For example, a family of two is assumed to need more income than a single person, but not double due to economies of scale in consumption. However, in comparing economic well-being...
Persistent link: https://www.econbiz.de/10012165604
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Consumption inequality and family labor supply
Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay - 2014
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that …
Persistent link: https://www.econbiz.de/10011605701
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Business cycle fluctuations and the distribution of consumption
De Giorgi, Giacomo; Gambetti, Luca - 2015
consumption and that the shocks we analyze reduce consumption inequality on impact. …
Persistent link: https://www.econbiz.de/10010488288
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Relative concerns for consumption at the top : an intertemporal analysis for the UK
Quintana-Domeque, Climent; Wohlfart, Johannes - 2014
inequality or relatively high population density. Households whose head has relatively low educational attainment are also …
Persistent link: https://www.econbiz.de/10010409785
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Mapping trade to household budget survey : a conversion framework for assessing the distributional impact of trade policies
Luu, Nhung; Woloszko, Nicolas; Causa, Orsetta; Arriola, … - 2020
Whether gains from trade are equally distributed within countries is the subject of a lively debate. This paper presents a novel framework to analyse the distributional effects of trade policy by linking the OECD’s CGE trade model, METRO, with consumption expenditure data from household budget...
Persistent link: https://www.econbiz.de/10012432844
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Status seeking behavior of the poor : a study on India
Marjit, Sugata; Santra, Sattwik; Hati, Koushik Kumar - 2018
relatively poor for both rural and urban areas across the states of India. The hypotheses that inequality impacts consumption …
Persistent link: https://www.econbiz.de/10011898668
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Chapter 5. Who Bears the Cost of Recessions? The Role of House Prices and Household Debt
Mian, A.; Sufi, A. - In: Handbook of macroeconomics : volume 2, v. 2A-2B SET, (pp. 255-296). 2016
This chapter reviews empirical estimates of differential income and consumption growth across individuals during recessions. Most existing studies examine the variation in income and consumption growth across individuals by sorting on ex ante or contemporaneous income or consumption levels. We...
Persistent link: https://www.econbiz.de/10014024289
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Life-cycle inequality : the black and white differential
De Giorgi, Giacomo; Gambetti, Luca; Naguib, Costanza - 2023
With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income, and wealth are three key drivers of these different...
Persistent link: https://www.econbiz.de/10013489420
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Inflation heterogeneity across households
Kiss, Regina; Strasser, Georg - 2024
This paper studies the nature, evolution, and sources of inflation heterogeneity across households in France and Germany. Inflation differences are large and persistent. The two main sources of inflation heterogeneity are spatial differences in the prices paid for the same product and...
Persistent link: https://www.econbiz.de/10014484471