Revisiting the Income Effect: Gasoline Prices and Grocery Purchases
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This paper examines the importance of income effects in purchase decisions for every-day products by analyzing the effect of gasoline prices on grocery expenditures. Using detailed scanner data from a large grocery chain as well as data from the Consumer Expenditure Survey (CES), we show that
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美国国家经济研究局创建时间：
2007-11-01
