Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/60692 
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dc.contributor.authorHobijn, Barten
dc.contributor.authorLagakos, Daviden
dc.date.accessioned2012-08-17T14:28:57Z-
dc.date.available2012-08-17T14:28:57Z-
dc.date.issued2003-
dc.identifier.urihttp://hdl.handle.net/10419/60692-
dc.description.abstractInflation is often assumed to affect all people in the same way. In practice, differences in spending patterns across households and differences in price increases across goods and services lead to unequal levels of inflation for different households. In this paper, we measure the degree of inequality in inflation across U.S. households for the period 1987-2001. Our results suggest that the inflation experiences of U.S. households vary significantly. Most of the differences can be traced to changes in the relative prices of education, health care, and gasoline. We find that cost of living increases are generally higher for the elderly, in large part because of their health care expenditures, and that the cost of living for poor households is most sensitive to (the historically large) fluctuations in gasoline prices. To our surprise, we also find that those households that experience high inflation in one year do not generally face high inflation in the next year. That is, we do not find much household-specific persistence in inflation disparities.en
dc.language.isoengen
dc.publisher|aFederal Reserve Bank of New York |cNew York, NYen
dc.relation.ispartofseries|aStaff Report |x173en
dc.subject.jelC43en
dc.subject.jelD12en
dc.subject.jelD39en
dc.subject.ddc330en
dc.subject.keywordconsumption price inflationen
dc.subject.keywordinequalityen
dc.subject.keywordhousehold inflation ratesen
dc.subject.stwInflationen
dc.subject.stwPrivater Haushalten
dc.subject.stwInflationsrateen
dc.subject.stwUSAen
dc.titleInflation inequality in the United States-
dc.typeWorking Paperen
dc.identifier.ppn378797859en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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