The economy in one (more) episode
The New Bazaar
How Do You Calculate Inflation Rates Based on Income Level?
There are ways of constructing inflation measures based on income level. But once you start aggregating and putting these things altogether to geto real wage, it starts getting very tricky very quickly. What i think it's consistentwith, iea tha, your actually are like real wage ganes for people at the lower end of the distribution.
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