The (Retail) Price of Inequality.

A panel study reveals that an increase in pretax income equality leads to sudstantially lower retail prices. Prices also fall if the income tax on high income families is raised. One explanation is that equality makes consumer demand more elastic. This would imply that progressive taxation helps reduce the distortions that come from imperfect competition in retail markets.

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Year of publication:	1996
Authors:	Frankel, D.M.
Institutions:	Foerder Institute for Economic Research, Eitan Berglas School of Economics
Subject:	RETAIL TRADE \| PRICES \| TAXES \| INCOME

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Series:	Tel Aviv.
Type of publication:	Book / Working Paper
Notes:	22 pages
Classification:	H71 - State and Local Taxation, Subsidies, and Revenue ; H70 - State and Local Government; Intergovernmental Relations. General ; D33 - Factor Income Distribution ; L81 - Retail and Wholesale Trade; Warehousing
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005675375