Can I read At What Price? : Conceptualizing and Measuring Cost-of-Living and Price Indexes on EtoBox?

At What Price? : Conceptualizing and Measuring Cost-of-Living and Price Indexes by National Research Council; Division of Behavioral and Social Sciences and Education; Committee on National Statistics; Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes; Christopher Mackie; Charles L. Schultze is a book available to read on EtoBox.

What is At What Price? : Conceptualizing and Measuring Cost-of-Living and Price Indexes about?

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? <p><b>At What Price?</b> 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?</p> <p>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

Author

National Research Council; Division of Behavioral and Social Sciences and Education; Committee on National Statistics; Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes; Christopher Mackie; Charles L. Schultze

Publisher

National Academies Press; National Academy Press

Published

2002

Language

EN

ISBN

9780309512176

Subjects

Economics, Political Science, Finance