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Consumption Inequality and the Frequency of Purchases

Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2017

We document a decline in the frequency of shopping trips in the U.S. since 1980 and consider its implications for the measurement of consumption inequality. A decline in shopping frequency as households stock up on storable goods (i.e. inventory behavior) will lead to a rise in expenditure...

Persistent link: https://www.econbiz.de/10011744594

Income shocks or insurance : what determines consumption inequality?

Ludwig, Johannes - 2015

Contrary to the implications of economic theory, consumption inequality in the US did not react to the increases in income inequality during the last three decades. This paper investigates if a change in the type of income inequality - from permanent to transitory - or a change in the ability to...

Persistent link: https://www.econbiz.de/10010519133

Reconciling consumption inequality with income inequality

Lepetyuk, Vadym; Stoltenberg, Christian - 2013

Persistent link: https://www.econbiz.de/10010191294

Consumption inequality and the frequency of purchases

Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2017

Persistent link: https://www.econbiz.de/10011704243

Nonlinear Income Variance Profile and Consumption Inequality over the Life Cycle

Abe, Naohito; Yamada, Tomoaki - Bank of Japan - 2006

In an economy with a seniority wage system, elderly workers are subject to greater income risks when they lose their jobs than young workers are. This paper investigates: (1) whether we can observe the age dependence of idiosyncratic income risks; and (2) the importance of age dependecne for the...

Persistent link: https://www.econbiz.de/10010907474

Reconciling consumption inequality with income inequality

Stoltenberg, Christian A.; Lepetyuk, Vadym - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2012

The rise in consumption inequality in response to the increase in income inequality over the last three decades in the U.S. is puzzling to expected-utility-based incomplete market models. The two-sided lack of commitment models exhibit too little consumption inequality while the standard...

Persistent link: https://www.econbiz.de/10010615146

Reconciling Consumption Inequality with Income Inequality

Lepetyuk, Vadym; Stoltenberg, Christian A. - Tinbergen Instituut - 2013

The rise in within-group consumption inequality in response to the increase in within-group income inequality over the last three decades in the U.S. is puzzling to expected-utility-based incomplete market models. The two-sided lack of commitment models exhibit too little consumption inequality...

Persistent link: https://www.econbiz.de/10011257548

Two Views of Inequality Over the Life-Cycle

Heathcote, Jonathan; Storesletten, Kjetil; Violante, … - C.E.P.R. Discussion Papers - 2004

Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious information for answering questions about the ability of households to insure labor market risk and about the sources of this risk. This Paper demonstrates that the choice of whether...

Persistent link: https://www.econbiz.de/10005662083

The housing wealth effect on consumption reconsidered

Lindner, Fabian - 2014

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a wealth effect. In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing …

Persistent link: https://www.econbiz.de/10010335898

The Housing Wealth Effect on Consumption Reconsidered

Lindner, Fabian - 2013

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … which housing price changes work as a "wealth effect". In such models, windfall gains in housing always lead to positive … changes in consumption. However, this might be a fallacy of composition. Such models ignore that changes in housing wealth …

Persistent link: https://www.econbiz.de/10010460538