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Bernhard Ganglmair
;
Alexander Kann
;
Ilona Tsanko

markups for consumers - replication files

A central motivating factor for studying price markups is their effect on consumer welfare. However, reported estimates of (firm-level) price markups in the literature often focus on industry or cross-country comparisons. These treat different industries equally rather than based on how relevant they are for consumers. We propose markup measures in which firm-level price markups are weighted according to consumption expenditures in the respective industries. Using a concordance table between consumption categories (otherwise used for the calculation of consumer price indices) and a firm’s industry classification, we report results for Germany for the years 2002 through 2016. We find that consumption-weighted price markups are higher and have increased faster than the conventionally reported revenue-weighted markups. We further show that consumption-weighted markups are highest for low-income households, highlighting the potential role of price markups as a contributing factor to changes in inequality in society.

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Ganglmair, Bernhard; Kann, Alexander; Tsanko, Ilona (2021): Markups for Consumers - Replication Files. Version: 1. Journal of Economics and Statistics. Dataset. http://dx.doi.org/10.15456/jbnst.2021255.192630

Related Publication

Ganglmair, B., Kann, A., Tsanko, I. (2021). Markups for Consumers. Jahrbücher für Nationalökonomie und Statistik, 241(5-6). doi: 10.1515/jbnst-2020-0059

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