State-level consumption exhibits excess sensitivity to lagged income to the same extent as US aggregate data, but state …-specific (idiosyncratic) consumption exhibits substantially less sensitivity to lagged state-specific income---a result that also holds for … reaction of consumption to idiosyncratic disposable income shocks even if it fails at the aggregate US level. Further analysis …

This paper tests whether state fiscal policy alters neighborhood income homogeneity. One implication of the Tiebout … decrease in neighborhood income homogeneity. …

earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many … show that using P90/P10 does not completely obviate time-inconsistency problems, especially for household income inequality … public use data, closely track inequality trends in labor earnings and household income using internal data. But estimates of …

This paper uses data from a new, large survey to estimate the demand for financial services of low-and-moderate income … particularly difficult (and likely very costly) for the very poor is consonant with our findings that those with less income …

In 2003 and 2004, MetroEdge conducted a survey of the financial behavior and attitudes of low- and moderate-income …