In this paper, we estimate consumption in the first wave of the Eurosystem Household Finance and Consumption Survey for … a subset of countries that account for around 85% of the aggregate final consumption expenditure of households in the … questions on consumption asked to households participating in the survey and information on consumption collected in the …

We analyse income and expenditure distribution in China in a comparative perspective with India. These countries … represent extreme cases in the relationship of inequality to both wellbeing indicators. Income is more highly concentrated than … expenditure is more unequally distributed than income in urban areas. China has a much stronger correlation in individual ranks …

Through certainty equivalent consumption (CE) measures, we show that dispersion of current earnings, expenditures, and … human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …