Full Citation

Title: The Asymmetric Impact of Income Inequality on the Relative Consumption of Market and Non-Market Goods

Citation Type: Miscellaneous

Publication Year: 2012

ISBN:

ISSN:

DOI: 10.2139/ssrn.2186207

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Abstract: Increasing income inequality has an asymmetric impact on society. Affluent households consume both more market and non-market goods. Middle-class households however, in order to minimize utility loss, must substitute away non-market goods in an effort to maintain proportional consumption of market goods. Utilizing standard Cobb-Douglas utility functions this paper models the resulting asymmetric impact on affluent and non-affluent households. Census data is then used to test these conceptual results within the context of urban sprawl.

Url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2186207

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Authors: Hinson, Steven

Publisher: Webster University

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

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