Two views of inequality over the life cycle
成果类型：
Article; Proceedings Paper
署名作者：
Heathcote, J; Violante, GL; Storesletten, K
署名单位：
Georgetown University; University of Oslo; New York University
刊物名称：
JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION
ISSN/ISSBN：
1542-4766
DOI：
10.1162/1542476054473305
发表日期：
2005
页码：
765-775
关键词：
摘要：
Data on the life-cycle profiles of inequality in wages, earnings, hours worked, and consumption contain precious information for answering questions about the ability of households to insure labor market risk and about the sources of this risk. This paper demonstrates that the choice of whether to control for cohort effects or for time effects has a drastic impact on the estimated age profiles for inequality and, thus on the answers to those questions. It also shows that time effects are required to account of the observed trends in inequality in 30 years of U.S. data, whereas there is no evidence that cohort effects have been important.
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