MPCs were directly elicited from a representative sample of UK adults in July 2020 using receipt of a hypothetical unanticipated, one-time income payment. Reported MPCs are modest, around 11% on average. They are higher, but still modest, for individuals in households with high current needs....

We analyse the long-run evolution of the labour income distribution for Chile. To this end, we use thirteen waves of the CASEN household socioeconomic survey from 1990 to 2017. During this period hourly earnings inequality mea-sured by the Gini coefficient fell from 0.47 to 0.40. We use a RIF...