Consumption Inequality and Family Labor Supply

Richard Blundell, Luigi Pistaferri, Itay Saporta-Eksten

NBER Working Paper No. 18445
Issued in October 2012

---- Acknowledgements -----

We thank Nick Bloom, Olympia Bover, Martin Browning, Chris Carroll, Jon Levin, Gianluca Violante and seminar participants at the 2012 ESEM, 2012 Royal Economic Society, 2012 UCL Economics Phd Alumni Conference, 2012 UCL Conference on Labour Markets and the Welfare State, 2011 SED, the 2011 Workshop on Stabilization Policies at the University of Copenhagen, the Bank of Italy, Venice, Bologna, Mannheim, and Cattolica Milan for comments. Thanks to Kerwin Charles for initial help with the new consumption data from the PSID. The authors gratefully acknowledge financial support from the UK Economic and Social Research Council (Blundell), and the ERC starting grant 284024 (Pistaferri). All errors are ours. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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