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Assessing the Bias in the Consumer Price Index from Survey Data / Alan B. Krueger, Aaron Siskind.
- Format:
- Book
- Author/Creator:
- Krueger, Alan B.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w6450.
- NBER working paper series no. w6450
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1998.
- Summary:
- This paper compares self-reported changes in families' financial status to actual changes based on annual time-series data calculated from the PSID. The results indicate that the Consumer Price Index does a reasonably accurate job reconciling self-reported changes in financial status with measured changes in real income. Earlier work by Nordhaus (1998) reached a different conclusion because it did not account for changes in the shape of the income distribution.
- Notes:
- Print version record
- March 1998.
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