Read e-book online The Theory of the Cost-of-Living Index PDF

By Robert A. Pollak

Offering a important source for presidency economists, lecturers, and study libraries, this quantity comprises twelve papers by means of Robert Pollak--four formerly unpublished--that discover the speculation of the price of dwelling index. as well as Pollak's vintage paper, "The thought of the price of residing Index," the quantity contains papers on subindexes, the intertemporal rate of dwelling index, welfare comparisons and equivalence scales, the social rate of dwelling index, the therapy of "quality," and customer durables within the expense of dwelling index.

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The index I(P",Pb,s,R) is independent of s if and only if I*(Pa,Pb,m,R) is independent of m. The specification of the index as a function of m rather than s is more than a useful mathematical trick. In practice, it is a sensible, convenient and commonly used method of specifying the base indifference curve. That is, the base indifference curve is specified to be the indifference curve from a given base indifference map attainable by an individual with a particular expenditure at base period prices.

163-208. , "The Theory of the Cost-of-Living Index and the Measurement of Welfare Change," Price Level Measurement: Proceedings from a Conference Sponsored by Statistics Canada. 1983. McElroy, Marjorie, "A Spliced CES Expenditure System," International Economic Review, Vol. 16, No. 3 (October 1975), pp. 765-780. , "Subindexes of the Cost-of-Living Index," International Economic Review, Vol. 16, No. 1 (February 1975), pp. 135-150. (1975a). , "The Intertemporal Cost-of-Living Index," Annals of Economic and Social Measurement, Vol.

A subindex is needed to compare alternative "price" vectors for particular periods, for example, and Pbt, rather than alternative intertemporal price vectors. A discussion of the intertemporal cost-of-living From International Economic Review, Vol. 16, No. 1 (February 1975), pp. 135-150. Copyright ((J 1975 by the Wharton School of Finance and Commerce, University of Pennsylvania and the Osaka University Institute of Social and Economic Research Association. Reprinted with permission. 53 54 THE THEORY OF THE COST-OF-LIVING INDEX index and an application of the theory of subindexes to the construction of one-period indexes in a multiperiod setting can be found in Pollak (1975).

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