This paper describes the transmission of income inequality into consumption inequality and in so doing investigates the … degree of insurance to income shocks. It combines panel data on income from the PSID with consumption data from repeated CEX … cross-sections and distinguishes between permanent and transitory income shocks. We find some partial insurance of permanent …

This paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance …

stratified by education. Our estimates strongly reject the consumption insurance model and suggest that households smooth income …

stratified by education. Our estimates strongly reject the consumption insurance model and suggest that households smooth income …

model, and the consumption insurance model) by means of mobility indexes for the underlying consumption distribution. Each … and compare them with the actual mobility. The comparison rejects the theory of consumption insurance and the myopic model …

stratified by education. Our estimates strongly reject the consumption insurance model and suggest that households smooth income …

This Paper uses panel data on household consumption and income to evaluate the degree of insurance to income shocks …. Our aim is to describe the transmission of income inequality into consumption inequality. Our framework nests the special … cases of self-insurance and the complete markets assumption. We assess the degree of insurance over and above self-insurance …

program’s impact on output, human capital, poverty and income inequality. I also study its welfare implications and its … channel, induces a consistent reduction of both poverty and income inequality. …

program’s impact on output, human capital, poverty and income inequality. I also study its welfare implications and its … channel, induces a consistent reduction of both poverty and income inequality. …

the presence of insurance and saving instruments. Third, we consider savings and liquid asset holdings as a form of self-insurance … with insurance claims serving to alleviate the depletion of livestock holdings in the event of insurable idiosyncratic …