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Using survey data to assess bias in the Consumer Price Index.

The writers extend William Nordhaus's analysis of the extent of bias in the Consumer Price Index, which compares the net proportion of families that claim to have seen an improvement in their financial situation with changes in real median income. Using the Panel Study of Income Dynamics data set,...

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Publicado en:Monthly Labor Review Vol. 121; no. 4; pp. 24 - 34
Autores principales: Krueger, Alan B., Siskind, Aaron
Formato: Artículo
Publicado: US Department of Labor April 1998
Materias:
Nordhaus, William D., 1941-
Consumer price indexes
Income
Product quality
Mathematical models
Consumer surveys
United States
Acceso en línea:Ver este registro en EBSCOhost
Sumario:The writers extend William Nordhaus's analysis of the extent of bias in the Consumer Price Index, which compares the net proportion of families that claim to have seen an improvement in their financial situation with changes in real median income. Using the Panel Study of Income Dynamics data set, the writers determine the actual fraction of families that observed measured increases and decreases in real income each year from 1968 to 1991.