There is a long standing interest in the question of whether or not low income households face the same prices as households with higher incomes. If low income households face lower or higher prices than high income households, then income inequality may be greater or lesser than is suggested by...

If higher ability individuals are more likely to attend college and if there is significant ability bias in the college education premium, then a significant portion of the observed complementarity between the college and non-college educated is due to changes in the ability composition of...

A large portion of the rise in the education premium can be explained by a signaling theory of education which predicts that in the future, increases in the education level of the workforce will actually cause the education premium to rise, simply because different workers are being labeled as...

Although income inequality has been studied extensively, relatively little attention has been paid to the role of household production. Economic theory predicts that households with less money income will produce more goods at home. Thus extended income, which includes the value of household...