Inégalités et cycles de vie les liens entre consommation, patrimoine et revenu permanent
AbstractThe aim of this paper is the construction of a proxy of a permanent income in a cross section survey. External macroeconomic information is used to compute past earnings. Income inequalities based on the current variable and the permanent one are then compared. The decrease of income inequalities is very limited. Inequalities due to age vanish but new inequalities due to the renewal of population appear. Moreover, the variable is used to compute elasticities with private consumption and private wealth. In both cases, the introduction of the permanent income variable leads to a better fit than the introduction of the current one.
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Bibliographic InfoArticle provided by ENSAE in its journal Annals of Economics and Statistics.
Volume (Year): (1999)
Issue (Month): 54 ()
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