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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Bibliographic Details

Published in:	Monthly Labor Review Vol. 121; no. 4; pp. 24 - 34
Main Authors:	Krueger, Alan B., Siskind, Aaron
Format:	Article
Published:	US Department of Labor April 1998
Subjects:	Nordhaus, William D., 1941- Consumer price indexes Income Product quality Mathematical models Consumer surveys United States
Online Access:	View this record in EBSCOhost