Crossley, Thomas F and Pendakur, Krishna (2010) The Common-Scaling Social Cost-of-Living Index. Journal of Business & Economic Statistics, 28 (4). pp. 523-538. DOI https://doi.org/10.1198/jbes.2009.06139
Crossley, Thomas F and Pendakur, Krishna (2010) The Common-Scaling Social Cost-of-Living Index. Journal of Business & Economic Statistics, 28 (4). pp. 523-538. DOI https://doi.org/10.1198/jbes.2009.06139
Crossley, Thomas F and Pendakur, Krishna (2010) The Common-Scaling Social Cost-of-Living Index. Journal of Business & Economic Statistics, 28 (4). pp. 523-538. DOI https://doi.org/10.1198/jbes.2009.06139
Abstract
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 |
---|---|
Uncontrolled Keywords: | Average derivatives; CPI; Demand; Inflation |
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 04 Sep 2013 09:46 |
Last Modified: | 16 May 2024 17:30 |
URI: | http://repository.essex.ac.uk/id/eprint/7510 |