industry level. On the consumption side, industry- and state-specific international imports and elasticities of substitution … are shown to be systematically connected to consumption agglomeration effects, while on the production side, industry- and …

This paper utilizes transaction-level data to examine the effect of the minimum wage on US retail prices. We find …/retrospective adjustment in prices, heterogeneous responses based on the size of increase, or heterogeneous effects on consumers of different …

large retail chains. Retailers respond with chain-level price adjustments: chains with the most exposure lower prices by 2 …

Much of the literature on the effect of housing wealth on consumption has been embedded in a simple life-cycle model in … changes in consumption. However, this might constitute a fallacy of composition. Such models ignore that changes in housing … the classic Ando-Modigliani consumption function augmented by housing wealth can be deduced. It is shown that the deeper …