human wealth. The latter mitigates permanent-income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …

degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in …In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest … macroeconomic models (even ones including some heterogeneity). The high MPC arises because many consumers hold little wealth despite …

of a decrease in expenditure on consumer durables by low-income households. Wealth inequality exceeds income inequality … early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other …

The development of private consumption is a crucial factor in compiling macroeconomic projections as part of national … households must decide whether to spend their incomes on consumption or saving. The estimated savings rate in DIW Berlin … redistribution of income. While relatively low earners receive their income overwhelmingly from wages or social welfare benefits …

inequality. The demand problem did not arise contemporaneously with higher income inequality because the bottom 95 percent of the … income distribution went deeply into debt to maintain consumption growth despite their stagnant income growth. But we argue …US household demand is well below its trend from prior to the Great Recession. We link weak demand to rising income …

Using a lifecycle model of consumption, saving and portfolio choice combined with linked survey and administrative data … on wealth and lifetime earnings we evaluate measures of retirement preparedness. We estimate heterogeneous discount … have access only to a risk-free asset compared to when we account for the fact that much of their wealth is stored in …

constraints. Social distancing measures can therefore exacerbate income inequality by lowering the incomes of the poor. An … evenly for every income quantile, having a limited impact on income inequality. …The effects of social distancing measures on income distributions and aggregate variables are examined with an off …