The Theory of the Cost-of-Living Index
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The Theory of the Cost-of-Living Index

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Description

This is a collection of papers by leading theorist Robert A Pollak - four of them previously unpublished - exploring the theory of the cost of living index. The unifying theme of these papers is that, when suitably elaborated, the theory of the cost of living index provides principled answers to many of the practical problems that arise in constructing consumer price indexes. In addition to Pollak's classic paper The Theory of the Cost of Living Index, the volume includes papers on subindexes, the intertemporal cost of living index, welfare comparisons and equivalence scales, the social cost of living index, the treatment of 'quality', and consumer durables in the cost of living index.show more

Product details

  • Hardback | 216 pages
  • 163.1 x 243.6 x 21.6mm | 577.27g
  • Oxford University Press Inc
  • New York, United States
  • English
  • figures
  • 0195058704
  • 9780195058703

Back cover copy

This volume presents twelve papers-four previously unpublished-that explore the theory of the cost-of-living index, and demonstrate the ways that the theory, when suitably elaborated, provides principled answers to many of the practical problems that arise in constructing indexes of consumer prices.show more

Table of contents

The theory of the cost of living index; Subindexes of the cost of living index; The intertemporal cost of living index; Welfare evaluation and the cost of living index in the household production model; Welfare comparisons and equivalence scales; Group cost of living indexes; The social cost of living index; The treatment of "Quality" in the cost of living index; The treatment of the environment in the cost of living index; Consumer durables in a cost of living index; Mortgage interest rates in the CPI; The treatment of taxes in the consumer price indexshow more

About Robert A. Pollak

OUP/USA adviser in economicsshow more