distributions only change moderately; and (iii) the short-run consumption response of low-wealth household is very strong, and … drives a sizable aggregate consumption drop as well. …

distribution of wages, hours, and consumption. The model is successful at matching the evolution of both the first and second … worked over the first half of the working life, while respecting the constraints imposed by the data on consumption and wages …-sectional inequality in labor supply and consumption, and may have quantitative relevance for analyses that exploit the intratemporal first …

We use CHIP data from 1995, 2002, and 2013 to investigate inequality in urban household consumption expenditures …. Overall inequality in urban household consumption expenditures measured by the Gini coefficient decreased slightly from 0 … to a greater extent. However, the percentile ratio of p90/p10 shows that consumption inequality always increased. In …

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 …

Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from … higher consumption, with most of the losses accruing after 2000. …