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Price Index Concepts and Measurement
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Price Index Concepts and Measurement

W. Diewert, John Greenlees, and Charles R. Hulten

Abstract

The report of the National Research Council Panel on Conceptual, Measurement, and Other Statistical Issues in Developing Cost-of-Living Indexes (COLI) addresses all the fundamental issues in consumer price measurement. The authors compare hedonic and matched-model indexes for apparel prices in the United States using Sears catalogue data over the period 1914–1993, and compare the resulting indexes with the corresponding Bureau of Labor Statistics apparel index over the same period. This book provides a brief detail of the COLI concept, quality change and new goods, and index scope. The Consume ... More

Keywords: National Research Council, Cost of Living, COLI, Consumer Price Index, CPI, index construction

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780226148557
Published to Chicago Scholarship Online: February 2013 DOI:10.7208/chicago/9780226148571.001.0001

Authors

Affiliations are at time of print publication.

W. Diewert, editor

John Greenlees, editor

Charles R. Hulten, editor

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Contents

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Introduction What are the Issues?

W. Erwin Diewert, John Greenlees, and Charles Hulten

3 Reassessing the U.S. Quality Adjustment to Computer Prices

Robert C. Feenstra and Christopher R. Knittel

4 Hedonic Imputation versus Time Dummy Hedonic Indexes

W. Erwin Diewert, Saeed Heravi, and Mick Silver

8 Can A Disease-Based Price Index Improve the Estimation of the Medical Consumer Price Index?

Xue Song, William D. Marder, Robert Houchens, Jonathan E. Conklin, and Ralph Bradley