lunedì 11 febbraio 2008

Per soppesare le diseguaglianze si guardi al consumo

...e si avranno delle sorprese.

"...the point of this post’s title, though, is that its not incomes that families care about for the most part. Its consumption. You can’t eat, drive or live in your paycheck. Consumption, as it turns out, varies much less over the life-cycle than income3 and this NYT opinion piece by two Fed economist argues consumption, surprisingly, doesn’t vary much between rich and poor..."



addendum Perry sullo stesso tema.

addendum Mankiw sullo stesso tema.



"...if we compare the incomes of the top and bottom fifths, we see a ratio of 15 to 1. If we turn to consumption, the gap declines to around 4 to 1...."