Changes in Income Gaps Might Overstate Changes in Welfare Gaps

Juan Sanchez and Lijun Zhu

The Regional Economist, 2015, issue July

Abstract: Changes in income of rich and poor households might overstate changes in welfare because the cost of goods favored by the rich is rising faster than the cost of goods consumed mainly by the poor and middle class.

Keywords: Income gaps; Welfare gaps (search for similar items in EconPapers)
Date: 2015
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