human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance … of assets in lifetime wealth. Average expenditures and CE inequality roughly doubled between 1983 and 2016 and, to weigh … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from …

of permanent-income has grown much faster than the corresponding share of assets. Human wealth has a mitigating influence … on inequality, but this effect has waned over time due to the growing importance of assets in lifetime wealth portfolios …. We find that consumption expenditures are tightly linked to permanent-income; however, liquidity constraints can lead to …

from similar positions in the consumption distribution Blacks end up in lower percentiles than Whites. Education, income …With 20 years of PSID data, we document persistent racial differentials in life-cycle consumption dynamics. Starting …, and wealth are three key drivers of these different dynamics. Blacks tend to save less, and hence have less buffer than …

standard economic indicators of income/consumption and wealth, the paper briefly reviews distributions of selected non …This paper contributes to the literature by reviewing levels, trends, and structure of inequality since the early 1990s … the complexity of the underlying drivers of inequality changes. While the primary focus is on examining trends based on …

increases in wealth inequality have passed through to consumption. Repeating this exercise in the Panel Study of Income Dynamics …A method to impute consumption expenditure inequality between wealth groups in the Survey of Consumer Finances is … provided, allowing for measurement error that is correlated with income and wealth. Identification is derived from observing …