@article{30d2c843bcac42b187612c7e94527d8d,
title = "A matter of taste: Estimating import price inflation across U.S. income groups",
abstract = "We estimate import price inflation for different income deciles of U.S. consumers over the years 1998 through 2014. After structurally estimating the parameters of a model capturing non-homotheticity across sectors, we use price data from the universe of foreign establishments exporting goods to the U.S. as well as consumer expenditure information to construct import price indexes. We find that lower income households experienced the most import price inflation, while higher income households experienced the least over our time period.",
keywords = "Elasticity of substitution, Import price index, Non-homotheticity",
author = "Hottman, {Colin J.} and Ryan Monarch",
note = "Funding Information: ? The authors thank Nina Pavcnik (the editor) and two anonymous referees for their helpful comments and suggestions. We are also grateful to Mary Amiti, Pol Antr?s, Dave Donaldson, Ana Cecilia Fieler, Doireann Fitzgerald, Gordon Hanson, Marc-Andreas Muendler, Ralph Ossa, Peter Schott, Ina Simonovska, Nicholas Sly, David Weinstein, Daniel Yi Xu, Mingzhi Xu, and seminar participants at the University of Michigan, the University of Toronto, the Bureau of Labor Statistics, the Federal Reserve Board, the Federal Reserve Bank of New York, the Federal Reserve Bank of Richmond, and the USITC. Noah P. Matthews provided excellent research assistance. The views expressed in this paper are solely those of the authors and do not represent the views of the U.S. Census Bureau, the Board of Governors of the Federal Reserve System or any other person associated with the Federal Reserve System. This research was performed at a Federal Statistical Research Data Center under FSRDC Project Number 1298. All results have been reviewed to ensure that no confidential information is disclosed. This research did not receive any specific grant from funding agencies in the public, commercial, or not-for-profit sectors. The authors have no declarations of interest. Publisher Copyright: {\textcopyright} 2020",
year = "2020",
month = nov,
doi = "10.1016/j.jinteco.2020.103382",
language = "English (US)",
volume = "127",
journal = "Journal of International Economics",
issn = "0022-1996",
publisher = "Elsevier",
}