insurance (SSDI). Health affects individuals' productivity, SSDI access, disutility from work, mortality, and medical expenses …. Calibrating the model to the United States, we find that health inequality is an important source of lifetime earnings inequality … words, the SSDI program is an important contributor to lifetime earnings inequality. Despite this, we show that it is ex …

"Malthusian stagnation" result. Furthermore, optimal allocations exhibit inequality, differential fertility, random consumption …

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 …

We use CEX repeated cross-section data on consumption and income, to evaluate the nature of increased income inequality … and aggregate components, and estimate the contribution of each component to total inequality. The model we use is a … that taking risk sharing into account is important for the model fit; that the increase in inequality in the 1980s was …

decomposing income risk. The approach is used to investigate the changes in income risk in Britain across the inequality growth …

The life-cycle patterns of consumption, wage and hours inequality observed in U.S. cross-section data are commonly …