A Nonhomothetic Price Index and Cost|of|Living Inequality

A Nonhomothetic Price Index and Cost-of-Living Inequality

Consumption Expenditures price indices and analyzes US inflation inequality in the recent cost-of-living crisis. (see Hochmuth, Pettersson and Weissert, 2023).

A Nonhomothetic Price Index and Cost-of-Living Inequality

We derive a price index based on nonhomothetic preferences and use it to document cost-ofliving inequality in the United States.

A Nonhomothetic Price Index and Inflation Heterogeneity

cost of different base-period reference baskets. Keywords: cost of living, inequality, nonhomotheticity, superlative price index. JEL codes ...

Are Poor Cities Cheap for Everyone? Non-Homotheticity and the ...

Cost of living inequality during the great recession. Journal of the ... Price indexes, inequality, and the measurement of world poverty. American.

A Nonhomothetic Price Index and Inflation Heterogeneity

cost of different base-period reference baskets. Keywords: cost of living, inequality, nonhomotheticity, superlative price index. JEL codes ...

Sudden Stops and Consumption Inequality with Nonhomothetic ...

With income inequality, the social planner affect real exchange rates by changing the distribution of borrowings and consumption across households that . With ...

Are Poor Cities Cheap for Everyone? Non‐Homotheticity and the ...

These results have mixed implications for the question of how to account for cost-of-living differences across locations when measuring welfare.

Local Labor Markets with Non-homothetic Preferences

regions, the cost of living index of employees even decreases while that of the unemployed ones goes up, widening real income inequality even more. 4. Page 7 ...

Cheapflation and the rise of inflation inequality | IFS

Superlative price indexes can provide a biased picture of cost-of-living changes when preferences are non-homothetic. A cost-of-living index measures how the ex ...

Inequality, Nonhomothetic Preferences, and Trade: A Gravity ... - jstor

reference price; and goods that fall under neither of the two previous categories. ... example, if the United States changed from its Gini index of 45 to Canada's ...

Re-examining the Cost-of-Living Index and the Biases of Price Indices

inequality in (21) to obtain—where the true COLI cannot be ... constant-utility price index—for example, under non-homothetic preferences—and this makes.

Essays on Hours Worked and Cost-of-Living Inequality - DiVA portal

We derive a nonhomothetic generalization of all superlative price indices and document cost-of-living inequality in the United States. When ...

Taking prices seriously in the measurement of inequality

I show that using more flexible expenditure-dependent price deflators and price-dependent equivalence scales affects the level of, and trend in, measured family ...

Measuring Welfare and Inequality with Incomplete Price Information*

Keywords: Real income inequality, non-homothetic preferences, price indices, gains from ... LEE (2020): “Cost of living inequality during the great recession,” ...

Housing Demand, Inequality, and Spatial Sorting * - Trevor Williams

“Housing demand, cost-of-living inequality, and the affordability crisis”. ... Column (5) uses a county-level rental price index from Zillow, a ...

PI: Prices and Inequality - GtR - UKRI

The stakes are high: the new non-homothetic price index will change ... living standards. It will also have practical implications such ...

Local Labor Markets with Non-homothetic Preferences - IDEAS/RePEc

We study the effects on employment, costs of living, and income inequality of local shocks in the housing market or in the productivity of a tradable good.

Evidence – and an explanation – for the recent surge in inflation ...

I find evidence of a systematic link between upstream costs and inflation inequality, leading to excessive food inflation rates for low-income households from ...

Housing Demand, Cost-of-Living Inequality, and the Affordability Crisis

We demonstrate numerically how an ideal cost-of-living index varies non-linearly with income and prices across space and time. While the prices of many goods ...

Cyclical Demand Shifts and Inflation Inequality

6 Using the non-homothetic price index implied by the. AIDS, I estimate that ... cost of living closer to changes in the subsistence price index a(p).