Distributional Aspects of the Quality Change Bias in the CPI : Evidence from Spain

@inproceedings{US2000DistributionalAO,
  title={Distributional Aspects of the Quality Change Bias in the CPI : Evidence from Spain},
  author={A. U.S.},
  year={2000}
}
  • A. U.S.
  • Published 2000
In this paper we address the issue of the distributional consequences of the quality change bias (QCB) in the CPI. In particular, we assess the conjecture raised by some critics of the Boskin commission report that new products and goods affected by quality effects are disproportionately consumed by the rich. Our analysis begins with the observation that the CPI is a weighted mean of household-specific statistical price indexes, with weights proportional to household total expenditures. Then… CONTINUE READING

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