consumption and that the shocks we analyze reduce consumption inequality on impact. …This paper sheds new light on the interactions between business cycles and the consumption distribution. We use … Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We …

consumption and that the shocks we analyze reduce consumption inequality on impact. …This paper sheds new light on the interactions between business cycles and the consumption distribution. We use … Consumer Expenditure Survey data and a factor model to characterize the cyclical dynamics of the consumption distribution. We …

We study consumption heterogeneity over the business cycle. Using household panel data from 1984 to 2010 in the US we … and therefore reduce consumption inequality. … find that the welfare cost of the business cycle is non-negligible, once agents heterogeneity is taken into account, and …

We study consumption heterogeneity over the business cycle. Using household panel data from 1984 to 2010 in the US we … and therefore reduce consumption inequality. … find that the welfare cost of the business cycle is non-negligible, once agents heterogeneity is taken into account, and …

heterogeneity: consumption increases at the bottom and falls at the top of the distribution, implying a significant temporary …We study the effects of government spending on the distribution of consumption. We find a substantial degree of … reduction of con- sumption inequality. The effects of the shock display correlations of around -0.7/-0.9 with the percentage of …

reduce consumption inequality on impact. …This paper sheds new light on the interactions between business cycles and the consumption distribution. We use CEX … consumption data and a factor model to characterize the cyclical dynamics of the consumption distribution. We first establish that …

degree of insurance. This, in turn, contributes to persistent racial differentials in life-cycle consumption.Starting from … the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades …. This is particularly marked for those Blacks who start at the top of the consumption distribution, where Whites are much …

degree of insurance. This, in turn, contributes to persistent racial differentials in life-cycle consumption.Starting from … the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades …. This is particularly marked for those Blacks who start at the top of the consumption distribution, where Whites are much …

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …