Does Income Inequality Lead to Consumption Inequality

Uninsured Idiosyncratic Risk and Aggregate Saving

1994 • 2,672 citations

A Theory of the Consumption Function

1960 • 2,411 citations

Changes in the Wage Structure and Earnings Inequality

1999 • 2,140 citations

Cross-National Comparisons of Earnings and Income Inequality

1997 • 1,296 citations

The risk-free rate in heterogeneous-agent incomplete-insurance economies

1993 • 1,247 citations

Quadrature-Based Methods for Obtaining Approximate Solutions to Nonlinear Asset Pricing Models

1991 • 986 citations

Debt-Constrained Asset Markets

1993 • 925 citations

Intertemporal Choice and Inequality

1994 • 799 citations

Implications of Efficient Risk Sharing without Commitment

1996 • 775 citations

Efficiency, Equilibrium, and Asset Pricing with Risk of Default

2000 • 772 citations

Does Public Insurance Crowd out Private Insurance?

1996 • 747 citations

Consumption and risk sharing over the life cycle

2004 • 680 citations

Evaluating the effects of incomplete markets on risk sharing nad asset pricing

2010 • 666 citations

Relative Wage Movements and the Distribution of Consumption

1996 • 513 citations

CHANGES IN CANADIAN FAMILY INCOME AND FAMILY CONSUMPTION INEQUALITY BETWEEN 1978 AND 1992

1998 • 441 citations

Macroeconomic Performance and the Disadvantaged

1991 • 430 citations

CONSUMPTION AND SAVING OVER THE LIFE CYCLE: HOW IMPORTANT ARE CONSUMER DURABLES?

2011 • 342 citations

Gaining Ground: Poverty in the Postwar United States

1993 • 310 citations

Can Families Smooth Variable Earnings?

1997 • 264 citations

Liquidity Constrained Markets Versus Debt Constrained Markets

2001 • 225 citations

Technological Acceleration, Skill Transferability, and the Rise in Residual Inequality

2002 • 201 citations

The risk-sharing implications of alternative social security arrangements

1999 • 169 citations

Consumption and social welfare: living standards and their distribution in the United States

2001 • 155 citations

On Testing for Full Insurance using Consumer Expenditure Survey Data

1994 • 135 citations

Endogenous Borrowing Constraints With Incomplete Markets

1997 • 135 citations

The Macroeconomic Implications of Rising Wage Inequality in the US

2003 • 55 citations

Risk Sharing: Private Insurance Markets or Redistributive Taxes?

1999 • 36 citations

On Testing for Full Insurance Using Consumer Expenditures Survey Data

1993 • 5 citations