At What Price?

Conceptualizing and Measuring Cost-of-Living and Price Indexes

Автор: Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes, Committee on National Statistics, Commission on B

Език:

Корици: С твърди корици

Издател: National Academies Press

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How well does the consumer price index (CPI) reflect the changes that people actually face in living...

Информация за книгата

Автор

Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes, Committee on National Statistics, Commission on B

Език

Английски език

Корици

Книга - С твърди корици

Издадена

2002

страници

348

EAN

9780309074421

ISBN

0309074428

Enbook ID

04577224

Издател

National Academies Press

Теглоt

680

Размери

152 x 229 x 30

Пълно описание

How well does the consumer price index (CPI) reflect the changes that people actually face in living costs--from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation's diverse population? At What Price? examines the foundations for consumer price indexes, comparing the conceptual and practical strengths, weaknesses, and limitations of traditional "fixed basket" and COLI approaches. The book delves into a range of complex issues, from how to deal with the changing quality of goods and services, including difficult-to-define medical services, to how to weight the expenditure patterns of different consumers. It sorts through the key attributes and underlying assumptions that define each index type in order to answer the question: Should a COLI framework be used in constructing the U.S. CPI? In answering this question, the book makes recommendations as to how the Bureau of Labor Statistics can continue to improve the accuracy and relevance of the CPI. With conclusions that could affect the amount of your next pay raise, At What Price? is important to everyone, and a must-read for policy makers, researchers, and employers.

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At What Price?

Conceptualizing and Measuring Cost-of-Living and Price Indexes

Информация за книгата

Пълно описание

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