Income Dynamics and Life-cycle Inequality
Mechanisms and Controversies
Bibliographic Data
| ID | 9707731 |
|---|---|
| Authors | Richard Blundell (0000-0003-1588-2299, University College London and Institute for Fiscal Studies, corresponding author) |
| Year | 2014 |
| Volume | 124 |
| Issue | 576 |
| Pages | 289-318 |
| Publication date | 2014-05-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/ecoj.12133 |
| OpenAlex | W2097932928 |
| Language | EN |
| Citations received | 10 |
| References cited | 66 |
This study focuses on the transmission of inequality over the working life. A model of constrained intertemporal choice is used to provide structure to the distributional dynamics of wages, earnings, income and consumption. The mechanisms used to insure labour market shocks are examined in a partial‐insurance setting where the manner and scope for insurance depends on the access to credit, the information available to consumers and the durability of income shocks. Drawing on recent research, family labour supply, the credit market and the tax system are all shown to play a key role. These mechanisms vary in importance across different points of the life cycle and the business cycle
Business cycle · Consumption (sociology · Earnings · Economic inequality · Economics · Inequality · Labour economics · Macroeconomics · Panel Study of Income Dynamics · Scope (computer science · Finance · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Income, Poverty, and Inequality
Earnings Dynamics, Inequality, and Firm Heterogeneity
The Use and Misuse of Income Data and Extreme Poverty in the United States
Inequality and Mobility Using Income, Consumption, and Wealth for the Same Individuals
The Changing Consequences of Unemployment for Household Finances
The Black and white differential in income and consumption dynamics
Human Capital and Search Models
Post-Schooling Human Capital Investments and the Life Cycle of Earnings
Can Consumers Distinguish Persistent from Transitory Income Shocks
Coase Lecture—Human Capital, Inequality and Tax Reform
Inequality Indices as Tests of Fairness
The use of time series processes to model the error structure of earnings in a longitudinal data analysis
The Sensitivity of Consumption to Transitory Income
On the Covariance Structure of Earnings and Hours Changes
Does Income Inequality Lead to Consumption Inequality? Evidence and Theory1
Risk and Insurance in Village India
Income Variance Dynamics and Heterogeneity
The Technology of Skill Formation
Consumption Inequality and Income Uncertainty
Consumption Inequality and Family Labor Supply
Worker Displacement and the Added Worker Effect
Dynamic Aspects of Earning Mobility
Explaining Changes in Female Labor Supply in a Life-Cycle Model
Life-Cycle Variation in the Association between Current and Lifetime Earnings
Consumption Inequality and Partial Insurance
Generalized Non-Parametric Deconvolution with an Application to Earnings Dynamics
Relative Wage Movements and the Distribution of Consumption
Public Health Insurance and Private Savings
Intertemporal Choice and Inequality
On Testing for Full Insurance using Consumer Expenditure Survey Data
The Family as an Incomplete Annuities Market
The Macroeconomic Implications of Rising Wage Inequality in the United States
A Simple Test of Consumption Insurance
Bringing Income Distribution in From the Cold
Trends in the Transitory Variance of Earnings in the United States
From Earnings Inequality to Consumption Inequality
| Unique citing works | 10 |
|---|---|
| Citations per year | 1 |
| Citation span | 2016 - 2026 (11) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 10 |