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We investigate the relationship between the individual and household indirect utility functions in the context of a … collective household model. Our analysis produces new results that explain how the rule governing the distribution of resources … among household members is related to the measurement of household welfare and intra-household inequality. We show that in a …
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Imported products tend to have lower prices than locally produced ones for a variety of reasons, including lower labor costs and better technology in the exporting country. The reduced prices may lead to wage losses for individuals who work in the production of a local version of the imported...
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In fifteen European countries, China, and the US, stocks and business equity as a share of total household assets are …
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