Replication data for: Consumption Inequality and Family Labor Supply
Principal Investigator(s): View help for Principal Investigator(s) Richard Blundell; Luigi Pistaferri; Itay Saporta-Eksten
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
|---|---|---|---|
| AER_2012_1549_data | 12/06/2019 04:53:PM | ||
|
|
text/plain | 14.6 KB | 12/06/2019 11:53:AM |
Project Citation:
Blundell, Richard, Pistaferri, Luigi, and Saporta-Eksten, Itay. Replication data for: Consumption Inequality and Family Labor Supply. Nashville, TN: American Economic Association [publisher], 2016. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-12-06. https://doi.org/10.3886/E116142V1
Project Description
Summary:
View help for Summary
We examine the link between wage and consumption inequality using a life-cycle model incorporating consumption and family labor supply decisions. We derive analytical expressions for the dynamics of consumption, hours, and earnings of two earners in the presence of correlated wage shocks, nonseparability, progressive taxation, and asset accumulation. The model is estimated using panel data for hours, earnings, assets, and consumption. We focus on family labor supply as an insurance mechanism and find strong evidence of smoothing of permanent wage shocks. Once family labor supply, assets, and taxes are properly accounted for there is little evidence of additional insurance. (JEL D12, D14, D91, J22, J31)
Scope of Project
JEL Classification:
View help for JEL Classification
D12 Consumer Economics: Empirical Analysis
D14 Household Saving; Personal Finance
D15 Intertemporal Household Choice; Life Cycle Models and Saving
J22 Time Allocation and Labor Supply
J31 Wage Level and Structure; Wage Differentials
D12 Consumer Economics: Empirical Analysis
D14 Household Saving; Personal Finance
D15 Intertemporal Household Choice; Life Cycle Models and Saving
J22 Time Allocation and Labor Supply
J31 Wage Level and Structure; Wage Differentials
Related Publications
Published Versions
Report a Problem
Found a serious problem with the data, such as disclosure risk or copyrighted content? Let us know.
This material is distributed exactly as it arrived from the data depositor. ICPSR has not checked or processed this material. Users should consult the investigator(s) if further information is desired.