Journal Article

Life-cycle income and consumption variability


Abstract: By all accounts, economic inequality is growing?the rich are getting richer, and the poor are getting poorer. This Economic Commentary explores inequality in income and consumption and asks whether inequality is determined early in life, before individuals enter the labor market, or whether it becomes manifest during the working years

Keywords: Income distribution; Consumption (Economics);

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Provider: Federal Reserve Bank of Cleveland

Part of Series: Economic Commentary

Publication Date: 2001

Issue: Mar

Order Number: 1