At What Price? PDF
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
Published on 2002-02-25 by National Academies Press
How well does the consumer price index (CPI) reflect the changes that people actually face in living costsâ€|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? At What Price? 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? 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 that could affect the amount of your next pay raise, At What Price? is important to everyone, and a must-read for policy makers, researchers, and employers.
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Book ID of At What Price?'s Books is UNJfosLN-QkC, Book which was written byNational 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 Indexeshave ETAG "1nAI0u0q+YU"
Book which was published by National Academies Press since 2002-02-25 have ISBNs, ISBN 13 Code is 9780309170796 and ISBN 10 Code is 0309170796
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Book which have "348 Pages" is Printed at BOOK under CategoryPolitical Science
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