A matter of taste: Estimating import price inflation across U.S. income groups

Colin J. Hottman, Ryan Monarch

Research output: Contribution to journalArticlepeer-review

2 Scopus citations

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.

Original languageEnglish (US)
Article number103382
JournalJournal of International Economics
Volume127
DOIs
StatePublished - Nov 2020
Externally publishedYes

Keywords

  • Elasticity of substitution
  • Import price index
  • Non-homotheticity

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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