The life-cycle hypothesis implies that consumption would not decline at retirement. However, several studies found … relevant declines in food consumption after retirement for the United States. Others concluded that this contradiction of the … life-cycle hypothesis is solved by allowing for broader measures of consumption than food. Using repeated crosssection data …

In this paper, I study technological change as a candidate for the observed increase in consumption inequality in the … consumption inequality between 1981 and 2008 in the US (ii) educational choice and the return to wealth are quantitatively … important in explaining the increase in consumption inequality. …