caa a22 4500 445389184 CHVBK 20180317143041.0 cr unu---uuuuu 170323e20110901xx s 000 0 eng 10.1007/s10888-010-9160-1 doi (NATIONALLICENCE)springer-10.1007/s10888-010-9160-1 Detecting a change in wealth concentration without the knowledge of the wealth distribution [Elektronische Daten] [Alessandra Michelangeli, Eugenio Peluso, Alain Trannoy] Consumption is commonly used as a proxy for permanent income. We go a step further by establishing the link between the distribution of consumption and that of permanent income in terms of dominance orderings. We introduce two new dominance orderings, the Generalized Top Lorenz test and the related affluence ordering. If consumption is a concave function of permanent income, we get an indirect and robust method to detect a change in permanent income concentration when the full stream of income receipts along the life cycle is unknown and only consumption data are available. Our application on US data for the period 1980-2002 points out the difficult start in life of people belonging to the "Baby loser generation” (people born in the sixties) with respect to the previous and following cohort. Springer Science+Business Media, LLC., 2010 Concavity nationallicence Wealth nationallicence Affluence orderings nationallicence Consumption nationallicence Michelangeli Alessandra Department of Law and Economics, University of Milan-Bicocca, Piazza dell'Ateneo Nuovo 1, 20126, Milan, Italy aut Peluso Eugenio Department of Economics, University of Verone, Milan, Italy aut Trannoy Alain EHESS, IDEP-GREQAM, Vieille Charité, Marseille, France aut The Journal of Economic Inequality Springer US; http://www.springer-ny.com 9/3(2011-09-01), 373-391 1569-1721 9:3<373 2011 9 10888 https://doi.org/10.1007/s10888-010-9160-1 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/s10888-010-9160-1 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Michelangeli Alessandra Department of Law and Economics, University of Milan-Bicocca, Piazza dell'Ateneo Nuovo 1, 20126, Milan, Italy aut NATIONALLICENCE 700 1- Peluso Eugenio Department of Economics, University of Verone, Milan, Italy aut NATIONALLICENCE 700 1- Trannoy Alain EHESS, IDEP-GREQAM, Vieille Charité, Marseille, France aut NATIONALLICENCE 773 0- The Journal of Economic Inequality Springer US; http://www.springer-ny.com 9/3(2011-09-01), 373-391 1569-1721 9:3<373 2011 9 10888 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer