Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

permanent income shocks we then study how cross-country differences in the wealth distribution and household income dynamics … households has little wealth, (ii) under larger transitory income shocks and (iii) when we consider households only using liquid …

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …

income and consumption in panel data. I examine Blundell, Pistaferri and Preston (2008) as an important example for which … the partial insurance to transitory shocks, originally estimated to be 0.05, increases to 0.24. This larger estimate … resolves the dissonance between the low partial consumption insurance estimates of Blundell, Pistaferri and Preston (2008) and …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies … investigating the life cycle profiles and relative income mobility in a transition economy, facing rapid structural economic and … social changes, such as Poland. It is shown that, in contrast to the US, where income inequality over the life cycle follows …

There is vast literature examining how households’ income and consumption change over the life cycle. These studies … investigating the life cycle profiles and relative income mobility in a transition economy, facing rapid structural economic and … social changes, such as Poland. I show that, in contrast to the US, where income inequality over the life cycle follows a …

alternative approach is to use the accounting identity that total household spending is equal to income plus capital gains minus … on income and wealth to other administrative data with information on financial and real estate transactions. Using this … second is a study of the transmission of income shocks to household consumption. …

This paper explores the association between income and stated views on minimum living standards; that is, views on … representative survey, we find the rich are less empathetic. In our baseline model, people at the bottom of the income distribution … report 10% more items as essential than do people at the top of the income distribution. The negative relationship between …