Similar Search Results

Consumption Partial Insurance in the Presence of Tail Income Risk

Ghosh, Anisha; Theloudis, Alexandros - 2023

We measure the extent of consumption insurance to income shocks accounting for high-order moments of the income distribution. We derive a nonlinear consumption function, in which the extent of insurance varies with the sign and magnitude of income shocks. Using PSID data, we estimate an...

Persistent link: https://www.econbiz.de/10014349877

Heterogeneous Life-Cycle Profiles, Income Risk and Consumption Inequality

Primiceri, Giorgio E.; van Rens, Thijs - 2021

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …-cycle changes, transitory and permanent shocks and estimate the contribution of each to total inequality. Our model fits the joint … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

Persistent link: https://www.econbiz.de/10013325209

A micro simulation model of demographic development and households' economic behavior in Italy

Ando, Albert; Nicoletti-Altimari, Sergio - Banca d'Italia - 2004

The relationship between the demographic structure and the saving rate of a society is the reflection of the aggregation of the behaviour of heterogeneous households, differing from one another in the type of living arrangements and in the characteristics of their members. In order to contribute...

Persistent link: https://www.econbiz.de/10005113518

Inequality for Wage Earners and Self-Employed: Evidence from Panel Data

Granado, Martínez; Teresa, María; Albarrán, Pedro; … - Departamento de Fundamentos del Análisis Económico … - 2007

Published as an article in: Oxford Bulletin of Economics and Statistics, 2009, vol. 71, issue 4, pages 491-518.

Persistent link: https://www.econbiz.de/10004972652

Inequality over the Business Cycle: Estimating Income Risk using Micro-Data on Consumption

Primiceri, Giorgio; Rens, Thijs van - EconWPA - 2002

We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality … and aggregate components, and estimate the contribution of each component to total inequality. The model we use is a … that taking risk sharing into account is important for the model fit; that the increase in inequality in the 1980s was …

Persistent link: https://www.econbiz.de/10005126150

Confronting the Robinson Crusoe paradigm with household-size heterogeneity

Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Center for Financial Studies - 2008

Modern macroeconomics empirically addresses economy-wide incentives behind economic actions by using insights from the way a single representative household would behave. This analytical approach requires that incentives of the poor and the rich are strictly aligned. In empirical analysis a...

Persistent link: https://www.econbiz.de/10005007631

Confronting the Representative Consumer with Household-Size Heterogeneity

Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

using insights from the way a single representative household would behave. Heterogeneity at the micro level can jeopardize …-level heterogeneity is household size, as individuals living in multi-member households have the potential to share goods within the …

Persistent link: https://www.econbiz.de/10008645018

Confronting the Representative Consumer with Household-Size Heterogeneity

Koulovatianos, Christos; Schröder, Carsten; Schmidt, Ulrich - Centre de Recherche en Économie Appliquée (CREA), … - 2014

Most simulated micro-founded macro models use solely consumer-demand aggregates in order to estimate deep economy-wide preference parameters, which are useful for policy eva- luation. The underlying demand-aggregation properties that this approach requires, should be easy to empirically...

Persistent link: https://www.econbiz.de/10011095262

Insurance in extended family networks

Attanasio, Orazio; Meghir, Costas; Mommaerts, Corina - National Bureau of Economic Research (NBER) - 2015

We investigate partial insurance and group risk sharing in extended family networks. Our approach is based on decomposing income shocks into group aggregate and idiosyncratic components, allowing us to measure the extent to which each is insured, having accounted for public insurance programs....

Persistent link: https://www.econbiz.de/10011240581

Consumption Inequality and Partial Insurance

Blundell, Richard; Pistaferri, Luigi; Preston, Ian - In: American Economic Review 98 (2008) 5, pp. 1887-1921

This paper examines the link between income and consumption inequality. We create panel data on consumption for the … Survey. We document a disjuncture between income and consumption inequality over the 1980s and show that it can be explained …

Persistent link: https://www.econbiz.de/10005820366