Has consumption inequality mirrored wealth inequality in the Survey of Consumer Finances?

C-Tier
Journal: Economics Letters
Year: 2020
Volume: 193
Issue: C

Authors (2)

Abbott, Brant (Queen's University) Brace, Robin (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 food at home and away, which are relative necessities and luxuries, respectively. The gap in expenditure between top and bottom wealth quintiles increased by 50% between 2004 and 2013, indicating that increases in wealth inequality have passed through to consumption.

Technical Details

RePEc Handle
repec:eee:ecolet:v:193:y:2020:i:c:s0165176520301920
Journal Field
General
Author Count
2
Added to Database
2026-01-24