Publications

At what price? : conceptualizing and measuring cost-of-living and price indexes

Machine generated contents note: EXECUTIVE SUMMARY — A COGI Versus a COLI, 2 — The Scope or Domain of the Index, 3 — Aggregation, 4 — Accounting for Substitution Behavior, 5 — Quality Change, 6 — New Goods, 7 — Outlets, 8 — Pricing Medical Care, 9 — Index Design and Index Purpose, 10 — Data Collection, 11 — 1 INTRODUCTION — Background, 13 — Panel Charge and Report Organization, 17 — Alternative Approaches: A COGI Versus a COLI, 18 — Domain of the CPI, 19 — Substitution, 21 — Aggregation, 26 — Changes in the Quality of Goods, 27 — New Goods, 30 — Outlet Substitution, 32 — Stocks and Flows, 33 — Index Purpose and Design, 35 — Data Collection, 36 — 2 CONCEPTUAL FOUNDATIONS FOR PRICE AND — COST-OF-LIVING INDEXES 38 — Setting the Stage: What Are Price Indexes?, 41 — The Theory of Price Indexes and Its Critics, 43 — Two Perspectives, 57 — Conclusions, 73 — Technical Note: A Mathematical Approach to Price Indexes, 74 — 3 INDEX DOMAIN 94 — An Unconditional COLI: Conceptual Issues, 96 — Measurement Problems, 98 — Supplemental Indexes and Satellite Accounts, 101 — Other Domain Issues, 102 — Conclusion and Recommendation, 105 — 4 EVOLVING MARKET BASKETS: ADJUSTING INDEXES — TO ACCOUNT FOR QUALITY CHANGE 106 — COLI and COGI Views of the Quality Change Problem, 109 — Evidence from the Boskin Commission Report, 112 — BLS Approaches to Quality Changes, 114 — Hedonic Regression Methods, 122 — Cautions and Recommendations, 140 — Technical Note 1: Boskin Commission Estimates of — Quality Change and New Goods Bias, 146 — Technical Note 2: Mathematical Description of Hedonic Methods, 149 — 5 NEW GOODS AND NEW OUTLETS 155 — New Goods, 155 — New Outlets, 167 — 6 THE SPECIAL CASE OF MEDICAL SERVICES 178 — Background, 178 — Conceptual and Measurement Issues, 181 — The Domain of Consumer Health Expenditures: — Employers' Health Insurance Payments, 185 — Direct Pricing of Health Insurance, 186 — Recommendations, 188 — 7 INDEX DESIGN AND INDEX PURPOSE 191 — Indexing Public Transfer Payments, 192 — Wage Bargains and Indexed Wages, 207 — Indexing Private Contracts, 208 — Inflation-Indexed Treasury Securities, 210 — Indexing the Federal Income Tax System, 212 — Measuring Output Changes, 214 — Inflation Indicators for Macroeconomic Policy, 216 — Technical