Economics Seminar: 'Consumption and Income Inequality across Generations' | Shiv Nadar University
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Economics Seminar: 'Consumption and Income Inequality across Generations'

Event Date: 
Friday, January 21, 2022 -

The Department of Economics invites you to a virtual seminar titled 'Consumption and Income Inequality across Generations’ {Co-authors: Giovanni Gallipoli (University of British Columbia) and Hamish Low (University of Oxford)} by Dr. Aruni Mitra, Assistant Professor, University of Manchester, on 21 January 2022 at 5:00 PM.

We characterize the joint evolution of cross-sectional inequality in earnings, other sources of income and consumption across generations in the U.S. To account for cross-sectional dispersion, we estimate a model of intergenerational persistence and separately identify the influences of parental factors and of idiosyncratic life-cycle components. We find evidence of family persistence in earnings, consumption and saving behaviours, and marital sorting patterns. However, the quantitative contribution of idiosyncratic heterogeneity to cross-sectional inequality is significantly larger than parental effects. Our estimates imply that intergenerational persistence is not high enough to induce further large increases in inequality over time and across generations.

Friday 21, Jan 2022
05:00 PM - 06:30 PM