Titelaufnahme

Titel
Income shocks or insurance - what determines consumption inequality? / Johannes Ludwig
VerfasserLudwig, Johannes
ErschienenBochum [u.a.] : RWI, 2015
Umfang33 S. : graph. Darst.
SerieRuhr economic papers ; 550
SchlagwörterUSA / Einkommensverteilung / Verbraucherverhalten / Geschichte 1980-2010 / Online-Publikation
ISBN978-3-86788-628-4
URNurn:nbn:de:hbz:6:2-47830 
Zugänglichkeit
 Das Dokument ist öffentlich im Netz zugänglich.
Dateien
Income shocks or insurance - what determines consumption inequality? [0.49 mb]
Zusammenfassung

Contrary to the implications of economic theory, consumption inequality in the US did not react to the increases in income inequality during the last three decades. This paper investigates if a change in the type of income inequality - from permanent to transitory - or a change in the ability to insure income shocks is responsible for this. A measure of household consumption is imputed into the Panel Study of Income Dynamics to create panel data on income and consumption for the period 1980-2010. The minimum distance investigation of covariance relationships shows that both explanations work together: the share of transitory shocks increases over time, but the capability to insure permanent and transitory shocks to income also improves. Together, these phenomena can explain the lack of an increase in consumption inequality.

Klassifikation
Links
Nachweis
Statistik
Das PDF-Dokument wurde 1 mal heruntergeladen.
Nutzungshinweis
 Das Medienwerk ist im Rahmen des deutschen Urheberrechts nutzbar.