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 …

over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

This Paper explores the implications of the recent sharp rise in US wage inequality for welfare and the cross … than wage dispersion, due to a rise in the correlation between wages and hours worked. Over the same period, inequality in … hours worked remained roughly constant, and consumption inequality increased only modestly. Using data from the PSID, we …

Data on the life-cycle profiles of inequality in wages, earnings, hours worked and consumption contains precious … on the estimated age profiles for inequality and, thus, on the answers to those questions. It also shows that time … effects are required to account for the observed trends in inequality in thirty years of US data, whereas there is no evidence …

We argue that health care quality has an important impact on economic inequality and on saving behaviour. We exploit … of quality on income inequality, health inequality and precautionary saving. We find that in lower quality districts …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … inequality, over the last three decades. While the trend in the skill premium differed widely across countries, the experience … premium rose and the gender premium fell virtually everywhere. At a higher frequency, earnings inequality appears to be …

past 25 years. Using data from the Consumer Expenditure Survey we find that a rising income inequality has not been … accompanied by a corresponding rise in consumption inequality. Over the period from 1972-98 the standard deviation of the log of …%. Furthermore income inequality has increased both between and within education groups while consumption inequality has increased …

, greater wage inequality presents opportunities to increase aggregate productivity by concentrating market work among more …