Racial Difference in Retail Prices Paid
* 주관: 서울대학교 경제학부, 경제연구소 한국경제혁신센터, SSK, BK21
* 본 세미나는 졸업요건(2022-2학기) 및 BK21+(2022-2학기) 세미나 참석으로 인정됩니다.
- 세미나 참석인정을 원하는 학생은 세미나 참석 시 학번_성함 으로 들어와주시길 바랍니다. (2021_11111 홍길동)
* ZOOM link : TBA
Racial Difference in Retail Prices
Boyoung Seo
Abstract: We document racial differences in retail prices paid for physically identical products. Black households pay 2.0 percent higher prices than white households, and Hispanic
households pay 0.8 percent higher prices. This difference suggest that conventional measures of racial income differences understate real racial income inequality. The racial price gap is not explained by differences in household income, composition, or education. Instead three factors explain the entirety of the racial price gap: black and Hispanic households buy smaller packages with higher unit prices, benefit less from coupons, and live in high price zip codes. We find suggestive evidence that carrying and transportation costs, not supermarket access, are important underlying factors.