The permanent income hypothesis implies that, for any cohort of people, inequality in consumption and income should grow with age, a prediction that is here confirmed using data from eleven years of household survey data from the United States, twenty-two years from Great Britain, and fourteen...

This paper is concerned with the measurement of the relative poverty of people in different age groups in developing countries. In many instances it is useful to know, for example, whether a higher fraction of children are in poverty than are adults. However, it is difficult to make even simple...

We investigate age-specific mortality in Britain and the United States since 1950. Neither trends in income nor in income inequality provide plausible explanations. Britain and the US had different patterns of income growth but similar patterns of mortality decline. Patterns of income inequality...

People whose family income was less than $5,000 in 1980 could expect to live about 25 percent fewer years than people whose family income was greater than $50,000. We explore this finding using both individual data and a panel of aggregate birth cohorts observed from 1975 to 1995. We assume that...

In recent years, as longer time series of cross-sectional household surveys have become available, it has become possible to look at the consumption and saving behavior of birth cohorts in a number of developing and developed economies. The cohort evidence is singularly appropriate for the...

This paper is concerned with the effects that changes in demographic structure have had on Taiwan’s national saving rate, and how coming changes in its age structure—notably population aging—will affect the future saving rate. We examine this topic within the framework of the life-cycle...

This paper is concerned with the measurement of the relative poverty of people in different age groups in developing countries. In many instances it is useful to know, for example, whether a higher fraction of children are in poverty than are adults. However, it is difficult to make even simple...

In recent years, as longer time series of cross-sectional household surveys have become available, it has become possible to look at the consumption and saving behavior of birth cohorts in a number of developing and developed economies. The cohort evidence is singularly appropriate for the...

This paper is concerned with the measurement of the relative poverty of people in different age groups in developing countries. In many instances it is useful to know, for example, whether a higher fraction of children are in poverty than are adults. However, it is difficult to make even simple...