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At What Price?: Conceptualizing and Measuring Cost-of-Living and Price Indexes
B
Base period, 41 , 42 , 69 , 305 , 309 , 311
Basket price index. See Cost-of-goods index
Bias
in CEX, 253 , 254-255
duration neglect, 54
in hedonic quality adjustment methods, 128 , 129 , 133 , 139 , 140 , 249
in inflation indexes, 217-218
in item replacement methods, 112-114 , 121- 122 , 136
MCPI, 148 , 185-186 , 188
new goods, 31 , 32 , 107-108 , 112-121 , 146- 148 , 156-158 , 160-161 , 162 , 273
outlet, 8 , 33 , 128 , 168 n.16, 170 , 172 , 173- 174
point-of-introduction, 158-159 , 160-161
reporting, 254-255
sample selection, 128 , 156-157
seasonal, 234
substitution, 8 , 33 , 59-62 , 93 , 113 , 128 , 147 , 168 n.16, 170 , 172 , 173-174 , 248 n.18
within-sample, 140
Boskin commission, 38 , 39
on conceptual basis for CPI, 3 , 14 , 41 , 73
criticisms of CPI, 1 , 14 , 27 , 62
defined, 305
on domain of CPI, 66 , 96
new goods bias estimates, 32 , 157 , 162 , 163
outlet substitution bias estimates, 173-174
quality adjustment bias estimates, 27 , 108 , 109 n.2, 112-114 , 115 , 116-117 , 119 , 121 , 131 , 139 , 146-148
on subgroup indexes, 228 , 229 , 250
on theoretical validity of CPI, 109 n.2
Bureau of Economic Analysis (BEA), 4 , 102 , 105 , 189 , 210 , 214 , 253 , 274 , 310
Bureau of Labor Statistics, 306
charge to committee, 17
commodity analysts, 107 , 306
quality adjustment approaches, 39 , 73 , 107- 108 , 113 n.6, 114-122 , 129-140
ScanData initiative, 266-267 , 269
C
Capital gains and losses, 72
Cellular phones, 8 , 31 , 32 , 107 , 124-125 , 140 , 148 , 156 , 161 , 165
Census Bureau, 255 , 310
Centers for Medical and Medicaid Services, 10 , 189 , 190
Chain drift, 167 , 257 , 308
Chained index, 162 , 167 , 210 , 253 n.2, 277 , 305 , 308 , 310
Choke price. See Virtual price
Class-mean method, 117 , 118 , 119 , 121 , 134 n.30, 136-137 , 139 , 305-306
Climate change, 20
Commodities and Services (C&S) Survey, 11 , 36 , 37 , 263 , 281-282 , 306
Commodity analysts (BLS), 107 , 116 , 118 , 125 , 134 , 138-139 , 306
Comparison situation
conceptual issues, 41 , 42 , 48-49 , 51
period-based, 41 , 306 , 310 , 311
place-based, 66-67 , 69-70
Compensating variation, 48 , 81 , 153
Compensation issues
child support, 209
COGI and, 70 , 71
COLI and, 48 , 51 , 58 , 61 , 70-71 , 81
conceptual bases for indexes, 48 , 51 , 58 , 61 , 70-71 , 81
domain considerations, 21 , 70 , 103-105
employer-paid benefits, 21 , 98 , 103-105
homeowners, 70-71 , 72
MCPI components and, 186
social security recipients, 40 , 43 , 48
and standard of living, 48
superlative indexes, 60 , 61 , 191
Computers, 29 , 109 , 110 , 117 , 120 n.12, 124 , 127 , 129 , 130 , 134 , 135 , 140 , 142 , 147 , 156 , 166
Conceptual bases for indexes
aggregation of prices, 39 , 51-52
availability of data and, 15 , 42-43 , 50
basket price (cost-of-goods) approach, 2-3 , 14 , 16 , 18-19 , 38-39 , 41 , 42-46 , 47 , 48- 49 , 50 , 57 , 74-79 , 94
COGI vs. COLI, 57-72
comparison situation, 41 , 42 , 48-49 , 51
compensation issues, 48 , 51 , 58 , 61 , 70-71 , 81
consumer demand functions, 49-50
cost-of-living approach, 2-3 , 14 , 15 , 16 , 18- 19 , 38-39 , 41 , 43 , 46-53 , 57 , 58 , 65-68 , 69 , 79-93 , 283-292
CPI, 1 , 2-3 , 8 , 14 , 18-19 , 38 , 39 , 41 , 42 , 73
criticisms of, 40 , 52-53