Has Consumption Inequality Mirrored Income Inequality

By Mark Aguiar, M. Bils. 2015

480 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Sociology and Political Science

View Paper: https://www.semanticscholar.org/paper/685887635d8d8b741eae57d115a85f26af392d81

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Citations in the corpus

The evolution of wealth inequality over half a century: The role of taxes, transfers and technology (2016, background): “That consumption inequality has been increasing is consistent with the findings in Aguiar and Bils (2011) and Heathcote et al. (2010a). The latter authors report that the log-consumption variance increased by 23% between 1980 and 2006 for working age households in the Consumption Expenditure Survey.”
Consumption and labor supply with partial insurance: An analytical framework (2014, unknown): “, Attanasio, Battistin, and Ichimura, 2007; Aguiar and Bils, 2011), it is useful to be able to estimate insurance without using consumption data, and to assess whether estimates of insurance derived from wage and hours data alone are consistent with those that use consumption moments. Exploiting mom”
Inequality, the Great Recession, and Slow Recovery (2014, unknown): “The most obvious source for such data, the Consumer Expenditure Survey, suffers from non-response and underreporting of both income and consumption, particularly at the high end of the income distribution (see Aguiar and Bils, 2011). The Federal Reserve’s Survey of Consumer Finances (SCF) over-sampl”
Land productivity and plot size : is measurement error driving the inverse relationship ? (2017, unknown): “This paper adds another example to the literature demonstrating that not all measurement error is white noise (Aguiar and Bils, 2015; Beegle et al., 2012; Gibson and Kim, 2007).”
Inequality, Leverage and Crises: The Case of Endogenous Default (2013, unknown): “These results have recently been challenged by Aguiar and Bils (2012), who estimate that the increases in consumption and income inequality mirror each other much more closely.”
Macroeconomics and Household Heterogeneity (2016, background): “34 In order to ensure that quarterly log-earnings has the same persistence as annual log-earnings, we choose the persistence of the quarterly AR(1) to be φ = φ̂ 1 4 .”
Has the U.S. Finance Industry Become Less Efficient? on the Theory and Measurement of Financial Intermediation (2015, unknown): “This is a controversial issue, but Aguiar and Bils (2011) find that consumption inequality has closely tracked income inequality over the period 1980-2007.”