Do Rising Tides Lift All Prices? Income Inequality and Housing Affordability
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Simple partial-equilibrium models suggest that income increases at the high end of the distribution can raise price paid by those at the low end of the income distribution. This prediction does not universally hold in a general equilibrium model, or in models where the rich and poor consume distinct
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美国国家经济研究局创建时间：
2006-06-01
