correlated in most villages with portfolio-choice estimates. The heterogeneity matters for policy: Although the average household …

We use scanner data to estimate inflation rates at the household level. Households' inflation rates have an annual … exhibit only slightly negative serial correlation. Almost all variability in a household's inflation rate comes from … variability in household-level prices relative to average prices, not from variability in aggregate inflation …

-migration, congestion of other local publicly provided goods may offset the direct benefits. Using the example of rural household …