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Life-Cycle Income and Consumption Variability

03.01.01

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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 manifests itself during the working years.

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 manifests itself during the working years.

Suggested citation: Rupert, Peter, and Chris Telmer, 2001. "Life-Cycle Income and Consumption Variability," Federal Reserve Bank of Cleveland, Economic Commentary, 03.01.2001.

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