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Displaying results 1 to 4 of 4.

  1. Conspicuous consumption and visible inequality
    Author: Ferrer, Ana M.; González, Francisco M.; Nesterova, Iuliia
    Published: [2024]
    Publisher:  [CLEF, Canadian Labour Economics Forum], [Waterloo, Ontario]

    We document a significant effect of visible inequality on household spending in the United States from 2010 to 2018, but we do not find a comparable effect before the Great Recession. Our proposed definition of visible inequality refers to... more

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    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 665
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    We document a significant effect of visible inequality on household spending in the United States from 2010 to 2018, but we do not find a comparable effect before the Great Recession. Our proposed definition of visible inequality refers to differences across households in their expenditures on highly noticeable consumption categories, including clothing, personal care, food away from home, and vehicles. Our empirical strategy exploits robust implications of a simple intertemporal model of conspicuous consumption, where a household's reference group consists of others in the same age group. Household spending is influenced by the distribution of permanent incomes within age groups, and visible inequality serves as a proxy for permanent income inequality. Our findings indicate that consumption externalities significantly distort household spending, which could have been up to 25 percent lower without these distortions. We hypothesize that low interest rates and social media contribute to these effects.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper series / CLEF, Canadian Labour Economics Forum ; WP #81
    Subjects: visible inequality; relative consumption; permanent income inequality
    Scope: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  2. German male income volatility 1984 to 2008
    trends in permanent and transitory income components and the role of the welfare state
    Author: Bartels, Charlotte; Bönke, Timm
    Published: 2010
    Publisher:  DIW, Berlin

    Deploying data from the German Socio-Economic Panel (SOEP) we analyze the variability of individual earnings and equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old German... more

    Location:
    Staats- und Universitätsbibliothek Bremen
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    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Location:
    Leibniz-Institut für Wirtschaftsforschung Halle, Bibliothek
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    No inter-library loan

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 318 (325)
    Inter-library loan:
    No inter-library loan

     

    Deploying data from the German Socio-Economic Panel (SOEP) we analyze the variability of individual earnings and equivalent household income. Permanent and transitory variances of male income over the period 1984-2008 are estimated for Old German Laender in order to determine their importance to income dynamics. To uncover the role of the welfare state in smoothening earnings shocks we compute different income concepts reaching from gross earnings to net equivalent household income. We find evidence that the overall inequality of earnings in Germany has been rising throughout the period due to both higher permanent inequality and higher volatility. However, taking the welfare state and its institutions into account, we find that net household income has remained fairly stable.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/150870
    Series: SOEPpapers on multidisciplinary panel data research ; 325
    Subjects: Einkommen; Volatilität; Öffentliche Sozialleistungen; Haushaltseinkommen; Verfügbares Einkommen; Männliche Arbeitskräfte; Schätzung; Deutschland; Earnings inequality; permanent income inequality; transitory income volatility; earnings dynamics; safety net; transfer payments
    Scope: Online-Ressource (PDF-Datei: 28 S., 0,59 MB), graph. Darst.
  3. German Male Income Volatility 1984 to 2008 : Trends in Permanent and Transitory Income Components and the Role of the Welfare State
    Author: Bartels, Charlotte; Bönke, Timm
    Published: 2010
    Publisher:  Deutsches Institut für Wirtschaftsforschung (DIW), Berlin

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  4. German male income volatility 1984 to 2008
    trends in permanent and transitory income components and the role of the welfare state
    Author: Bartels, Charlotte; Bönke, Timm
    Published: 2010
    Publisher:  Freie Univ., Berlin

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