Revisiting the Income Effect: Gasoline Prices and Grocery Purchases

Dora Gicheva, Justine Hastings, Sofia Villas-Boas

NBER Working Paper No. 13614
Issued in November 2007

---- Acknowledgements -----

We thank Daron Acemoglu, Severin Borenstein, Keith Chen, J.P. Dube, Matthew Gentzkow, Eric Hurst, George Judge, Aviv Nevo, Sharon Oster, Jon Quinn, Sergio Rebelo, Fiona Scott-Morton, Jesse Shapiro, Matt Turner and participants at the Yale Macroeconomics Workshop, the Yale Industrial Organization Lunch and the New York Federal Reserve Workshop for helpful comments. We thank Rosangela Bando, Joshua Berning, Grant Chen, Melissa Hidrobo, Kristin Kiesel, Quoc Luong, and Bruno Romani for help conducting the store survey and Steve Flaming for help with the scanner data. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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