At What Price?: Conceptualizing and Measuring Cost-of-Living and Price Indexes
National Research Council, Division of Behavioral and Social Sciences and Education, Commission on Behavioral and Social Sciences and Education, Committee on National Statistics, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes Panel on Conceptual, Christopher Mackie, Charles Schultze
Language: English | 2002 | ISBN: 0309074428 | 352 pages | PDF | 5,73 MB
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?