Pashigian, B.P.; Sun, J.-M. - George J. Stigler Center for the Study of the Economy … - 1999
This paper uses a cost-of-time framework to link two seamingly unrelated trends. First, greater aggregate income … inequality has been accompanied by greater geographic income specialization. Second, compensation costs (relative to sales) of … income inequality should cause greater inequality in the time-saving conveniences offered by stores located in suburbs versus …
