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The common-scaling social cost-of-living index

Crossley, TF and Pendakur, K (2010) 'The common-scaling social cost-of-living index.' Journal of Business and Economic Statistics, 28 (4). 523 - 538. ISSN 0735-0015

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If preferences or budgets are heterogeneous across people (as they clearly are), then individual cost-ofliving indexes are also heterogeneous. Thus, any social cost-of-living index faces an aggregation problem. In this article, we provide a solution to this problem that we call a "common-scaling" social cost-of-living index (CS-SCOLI). In addition, we describe nonparametric methods for estimating such social cost-ofliving indexes. As an application, we consider changes in the social cost-of-living in the U.S. between 1988 and 2000. © 2010 American Statistical Association.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 04 Sep 2013 09:46
Last Modified: 04 Feb 2019 11:16

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