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Replication data for: Consumption Inequality and Family Labor Supply

Resource Type
  • Blundell, Richard
  • Pistaferri, Luigi
  • Saporta-Eksten, Itay
Publication Date
  • Abstract

    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)
  • Is supplement to
    DOI: 10.1257/aer.20121549 (Text)
  • Blundell, Richard, Luigi Pistaferri, and Itay Saporta-Eksten. “Consumption Inequality and Family Labor Supply.” American Economic Review 106, no. 2 (February 2016): 387–435.
    • ID: 10.1257/aer.20121549 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-12-06

Blundell, Richard; Pistaferri, Luigi; Saporta-Eksten, Itay (2016): Replication data for: Consumption Inequality and Family Labor Supply. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.