| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12209 |
| DP12209 Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data | |
| Benjamin Faber; Thibault Fally | |
| 发表日期 | 2017-08-02 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | A growing literature has documented the role of firm heterogeneity within sectors for nominal income inequality. This paper explores the implications for household price indices across the income distribution. Using detailed matched US home and store scanner microdata, we present evidence that rich and poor households source their consumption from different parts of the firm size distribution within disaggregated product groups. We use the data to examine alternative explanations, propose a tractable quantitative model with two-sided heterogeneity that rationalizes the observed moments, and calibrate it to explore general-equilibrium counterfactuals. We find that larger, more productive firms endogenously sort into catering to the taste of richer households, and that this gives rise to asymmetric effects on household price indices. We quantify these effects in the context of policy counterfactuals that affect the distribution of disposable incomes on the demand side or profits across firms on the supply side. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Firm heterogeneity Real income inequality Household price indices Scanner data |
| URL | https://cepr.org/publications/dp12209-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541006 |
| 推荐引用方式 GB/T 7714 | Benjamin Faber,Thibault Fally. DP12209 Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data. 2017. |
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