changes in disposable income around the country's financial crisis in 2008, to plot the life-cycle path of consumption and … income for different education groups and to estimate the level of consumption smoothing. We split households into three … educated engage in more consumption smoothing than those without a university degree. We also construct a measure for marginal …

We document relevant racial differences in the degree consumption insurance against shocks: Blacks appear to be less …

targeting household consumption and debt and might lead to regressive redistribution from low- to high …

We quantify the contribution of rental income to pre- and post-government equivalent household income inequality and of … housing wealth to net wealth inequality between 2002 and 2017 in Germany by means of a factor decomposition. Further, we … explains an increasing share of income inequality; and that the wealth inequality contribution of primary residence has …

, consumption, and wealth. Generally, we find that these three concepts tell different stories about the level of inequality and its …Given how controversially inequality is still being discussed by both academics and policy makers in Germany, we … different forms of inequality. One important issue is the choice of the measure of well-being: the central measures discussed …

higher income inequality contributed similarly to these trends. …

One might expect that rising US income inequality would reduce demand growth and create a drag on the economy because … higher-income groups spend a smaller share of income. But during a quarter century of rising inequality, US growth and … inequality could be one explanation for the stagnant recovery in the recession's aftermath. …

consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … net worth overstate welfare inequality. This is largely due to the unaccounted value of future earnings, which we call …

most of them focus on income or earnings inequality. In this paper, we investigate the consumption disparity between urban … consumption disparity. The price effect is the dominant factor for the urban-rural consumption disparity. This disparity increased … this increase was mainly from the higher growth rate of urban household consumption. Our results also suggest that rural …

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent …