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 …

inequality and to assess the degree of insurance. We combine panel data on income from the PSID with consumption data from …This paper uses panel data on household consumption and income to describe the transmission of income inequality into … consumption inequality. We do this by contrasting shifts in the cross-sectional distribution of income growth with shifts in the …

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 inequality, ask how risk influences agents' behavior in Bayesian games, and study con-cavity of policy functions in …

partial insurance of parental investments against permanent income shocks, but the magnitude of the estimated responses is … small. We cannot reject the hypothesis full insurance against temporary shocks. Another interpretation of our findings is … that there is very little insurance available, but the fact that skill is a non-separable function of parental investments …

partial insurance of parental investments against permanent income shocks, and we cannot reject the hypothesis full insurance … 10% of family income leads, at most, to an increase in investments of 1.3% of a standard deviation. -- insurance ; human … capital ; consumption …

We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic …

We specify and estimate a lifecycle model of consumption, housing demand and labor supply in an environment where …, education specific productivity shocks, and catastrophic consumption events, while bankruptcy is governed by the basic …