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Among the interesting changes in the U.S. economy in recent years have been the substantial changes in the age distribution of income and its components. These changes are interesting in and of themselves, but also are an important background against which to interpret aggregate economic...
Persistent link: https://www.econbiz.de/10012477313
detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequalityinequality in lifetime spending … accurately capture actual remaining lifetime marginal net tax rates. We find far less inequality in spending power than in wealth …
Persistent link: https://www.econbiz.de/10012996890
Among the interesting changes in the U.S. economy in recent years have been the substantial changes in the age distribution of income and its components. These changes are interesting in and of themselves, but also are an important background against which to interpret aggregate economic...
Persistent link: https://www.econbiz.de/10012778840
detailed life-cycle consumption-smoothing program, to a) measure ultimate economic inequality - inequality in lifetime spending …We find far less inequality in spending power than in wealth or labor earnings due to the fiscal system's high degree …
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