The Common-Scaling Social Cost-of-Living Index
نویسندگان
چکیده
If preferences or budgets are heterogeneous across people (as they clearly are), then individual costof-living indices are also heterogeneous. Thus, any social cost-of-living index faces an aggregation problem. In this paper, we provide a solution to this problem which we call a common-scalingsocial cost-of-living index (CS-SCOLI). In addition, we describe nonparametric methods for estimating such social cost-of-living indices. As an application, we consider changes in the social cost of living in the U.S. between 1988 and 2000. JEL Classi cations: D11, D12, D63, E31
منابع مشابه
Index-number tests and the common-scaling social cost-of-living index
For a change in prices, the common-scaling social cost-of-living index is the equal scaling of every individual’s expenditure level needed to restore the level of social welfare to its pre-change value. This index does not, in general, satisfy two standard index-number tests. The reversal test requires the index value for the reverse change to be the reciprocal of the original index. And the ci...
متن کاملIndex-Number Tests and the Common-Scaling Social Cost-of-Living Index1
For a change in prices, the common-scaling social cost-of-living index is the equal scaling of each individual’s expenditure level needed to restore the level of social welfare to its prechange value. This index does not, in general, satisfy two standard index-number tests. The reversal test requires the index value for the reverse change to be the reciprocal of the original index. And the circ...
متن کاملSocial accounting matrix and the effects of economic reform on health price index and household expenditures: Evidence from Iran
Background: Socioeconomic indicators are the main factors that affect health outcome. Health price index (HPI) and households living costs (HLC) are affected by economic reform. This study aimed at examining the effect of subsidy targeting plan (STP) on HPI and HLC. Methods: The social accounting matrix was used to study the direct and indirect effects of STP. We chose 11 health r...
متن کاملSurvey of corrosion and scaling potential in drinking water resources of the villages in Qom province by use of four stability indexes (With Quantitative and qualitative analysis
Background & Aims of the Study: Corrosion and scaling are the most common problems of water facilities. Corrosion imposes many financial and health loss on system and consumer respectively, scaling also causes clogging and head loss in network. The purpose of this study is to determine the corrosion and scaling potential of water supply sources of Qom villages. Materials &...
متن کاملEvaluating Corrosion and Scaling Potential of Drinking Water Supplies in Juybar, North of Iran
Background & purpose: One of the major factors in the quality of drinking water is corrosion and scaling. The aim of the present study was to evaluate corrosion and scaling potential of drinking water supply network in Juybar (A city in Iran). Materials and Methods: 60 samples of drinking water in distribution network were collected randomly in summer and autumn seasons and transferred into ...
متن کامل