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 …

income convergence, countries that trade heavily with another tend to exhibit a muchhigher incidence of convergence. …

We quantity an amount of cross-sectional income and consumption smoothing achieved within subgroups of states, such as …

they do regular income. …