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...

Examining all widely-sold products in a large, national scanner database, we find that seasonality in demand is large, pervasive across product categories, and heterogeneous in its timing. Yet at seasonal frequencies prices fluctuate little, and typically, countercyclically, falling as demand...