Has Consumption Inequality Mirrored Income Inequality?

We revisit to what extent the increase in income inequality since 1980 was mirrored by consumption inequality. We do so by constructing an alternative measure of consumption expenditure using a demand system to correct for systematic measurement error in the Consumer Expenditure Survey. Our estimati...

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Bibliographic Details
Published in:	The American economic review 2015-09, Vol.105 (9), p.2725-2756
Main Authors:	Aguiar, Mark, Bils, Mark
Format:	Article
Language:	English
Subjects:	1980-2007 Bias Consumer economics Consumer spending Consumers Consumption Elasticity of demand Entertainment Estimates Expenditures Food High income Household consumption Households Income estimates Income inequality Income taxes Low income groups Measurement Measurement errors Relative prices Savings rates Total expenditures Trends
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