4 These results were originally reported in Report on the American Workforce, U.S. Department of Labor, 1995 and will appear in David S. Johnson and Stephanie Shipp, “ Inequality and the Business Cycle: A Consumption Viewpoint,” forthcoming, Journal of Empirical Economics. David S. Johnson of the U.S. Bureau of Labor Statistics provided the updated data shown in table 1.
5 David S. Johnson and Timothy M. Smeeding, “Measuring Trends in Inequality and Individuals and Families: Income and Consumption,” mimeo., March 1998. BIS Review 67/1998