Journal Article
Changes in Income Gaps Might Overstate Changes in Welfare Gaps
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;
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Provider: Federal Reserve Bank of St. Louis
Part of Series: The Regional Economist
Publication Date: 2015
Issue: July
Order Number: 5