Replication data for: Consumption Inequality and Partial Insurance

Principal Investigator(s):  View help for Principal Investigator(s) Richard Blundell; Luigi Pistaferri; Ian Preston

Version:  View help for Version V1

Name File Type Size Last Modified
LICENSE.txt text/plain 14.6 KB 10/12/2019 04:40:AM
README-file.pdf application/pdf 32.3 KB 10/12/2019 04:40:AM
adjust_AER.do text/plain 5.5 KB 10/12/2019 04:40:AM
cexall.dta application/octet-stream 1.4 MB 10/12/2019 04:40:AM
cexall_new_AER.do text/plain 6.1 KB 10/12/2019 04:40:AM
cmV_AER.run text/plain 5.7 KB 10/12/2019 04:40:AM
create1_AER.do text/plain 40.5 KB 10/12/2019 04:40:AM
create2_AER.do text/plain 4 KB 10/12/2019 04:40:AM
create_bigfmly_AER.do text/plain 13.8 KB 10/12/2019 04:40:AM
create_bigmtab_AER.do text/plain 2.5 KB 10/12/2019 04:40:AM

Project Citation: 

Blundell, Richard, Pistaferri, Luigi, and Preston, Ian. Replication data for: Consumption Inequality and Partial Insurance. Nashville, TN: American Economic Association [publisher], 2008. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113270V1

Project Description

Summary:  View help for Summary This paper examines the link between income and consumption inequality. We create panel data on consumption for the Panel Study of Income Dynamics using an imputation procedure based on food demand estimates from the Consumer Expenditure Survey. We document a disjuncture between income and consumption inequality over the 1980s and show that it can be explained by changes in the persistence of income shocks. We find some partial insurance of permanent shocks, especially for the college educated and those near retirement. We find full insurance of transitory shocks except among poor households. Taxes, transfers, and family labor supply play an important role in insuring permanent shocks. (JEL D12, D31, D91, E21)

Scope of Project

JEL Classification:  View help for JEL Classification
      D12 Consumer Economics: Empirical Analysis
      D31 Personal Income, Wealth, and Their Distributions
      D91 Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
      E21 Macroeconomics: Consumption; Saving; Wealth


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V1 [2019-10-12]

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