The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Consumption Inequality and Partial Insurance
Abstract
This paper examines the link between income and consumption inequality. We create panel data on consumption for the Panel Study of Income Dynamics using an imputation procedure based on food demand estimates from the Consumer Expenditure Survey. We document a disjuncture between income and consumption inequality over the 1980s and show that it can be explained by changes in the persistence of income shocks. We find some partial insurance of permanent shocks, especially for the college educated and those near retirement. We find full insurance of transitory shocks except among poor households. Taxes, transfers, and family labor supply play an important role in insuring permanent shocks. (JEL D12, D31, D91, E21)
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Cites
The Family as an Incomplete Annuities Market
Kotlikoff, L. J., & Spivak, A. (1981) · Journal of Political Economy · doi:10.1086/260970 · Cited by 642
Public Health Insurance and Private Savings
Gruber, J., & Yelowitz, A. (1999) · Journal of Political Economy · doi:10.1086/250096 · Cited by 261
Cited by
Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution
Jack, W., & Suri, T. (2014) · American Economic Review · doi:10.1257/aer.104.1.183 · Cited by 1,435
Monetary Policy and the Redistribution Channel
Auclert, A. (2019) · American Economic Review · doi:10.1257/aer.20160137 · Cited by 773
The Consumption Response to Income Changes
Jappelli, T., & Pistaferri, L. (2010) · Annual Review of Economics · doi:10.1146/annurev.economics.050708.142933 · Cited by 704
Self-citationInterest Rate Pass-Through: Mortgage Rates, Household Consumption, and Voluntary Deleveraging
Di Maggio, M., Kermani, A., Keys, B. J., Piskorski, T., Ramcharan, R., Seru, A., & Yao, V. (2017) · American Economic Review · doi:10.1257/aer.20141313 · Cited by 505
Consumption Inequality and Family Labor Supply
Blundell, R., Pistaferri, L., & Saporta-Eksten, I. (2016) · American Economic Review · doi:10.1257/aer.20121549 · Cited by 462
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Metadata
- Authors
- Blundell, R., Pistaferri, L., & Preston, I.
- Venue
- American Economic Review
- Publisher
- American Economic Association
- Published
- 2008-11-01
- Volume
- 98
- Issue
- 5
- Pages
- 1887-1921
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W4214669672
- Cited by
- 980
- References
- 2
- FWCI
- 98.73
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
