Browsing Publikasjoner fra CRIStin (NHH) by Journals "World Development"
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Rags and Riches: Relative Prices, Non-Homothetic Preferences, and Inequality in India
(Peer reviewed; Journal article, 2017)It is well known that consumption patterns change with income. Relative price changes would therefore affect rich and poor consumers differently. Yet, the standard price indices are not income-specific, and hence, they ...