early stages of the current recovery. To this end, it first introduces the various dimensions of wage, income, consumption … and wealth inequality, and studies how they have developed. The analysis shows less wage dispersion in Spain than in other … inequality in per capita income. The level of inequality in Spain is more moderate when total gross household income is analysed …

A major difficulty faced by researchers who want to study the consumption and savings behavior of households is the … consumption expenditure to the assumptions made and the data used. We then compare our measures of household expenditure to those … second is a study of the transmission of income shocks to household consumption. …

. The consumers with low wealth and bad income shocks search more and pay less which makes their consumption higher than a …In this paper we introduce price search decision to a life cycle model, and differentiate consumption from expenditure … consumption is around 15% smaller than the cross sectional variance of expenditure through out the life cycle. Price search plays …

insurance mechanism against adverse income shocks and increases the welfare of a new born by 3.9 percent in consumption …In this paper, we differentiate consumption from expenditure by incorporating price search decision into an otherwise … standard life-cycle model. In our model, households can pay lower prices for the same consumption good if they allocate more …

measures of inequality, by extending the analysis from income to consumption and saving, and by providing results that are …

degree of heterogeneity in household preferences or beliefs is sufficient to match empirical measures of wealth inequality in … on how the shock is distributed across households (depending, e.g., on their wealth, or employment status). …In a model calibrated to match micro- and macroeconomic evidence on household income dynamics, we show that a modest …

transitory shocks? The implications for consumption and welfare depend crucially on the answer to this question. We use CEX … repeated cross-section data on consumption and income to decompose idiosyncratic changes in income into predictable life … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

, consumption and wealth estimates, assesses their quality, and presents selected experimental results. Although the analysis … reveals large differences between countries, a number of general patterns emerge. First, income, consumption and wealth are …This paper provides an overview of the work of the Expert Group on the Joint Distribution of Income, Consumption and …

theoretical prediction of a simple model, determines a much lower amount of savings and wealth accumulation and therefore a lower … degree of insurance. This, in turn, contributes to persistent racial differentials in life-cycle consumption.Starting from … the same position in the consumption distribution Blacks end up in a lower percentile than Whites after a few decades …

across states shows that the rise in top income shares can explain almost all of the accumulation of household debt held as a … financial asset by the household sector. Since the Great Recession, the saving glut of the rich has been financing government …