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Is the United States CPI Biased Across Income and Age Groups? [electronic resource] Erbas, S. Nuri.

Author/Creator:
Erbas, S. Nuri.
Publication:
Washington, D.C. : International Monetary Fund, 1998.
Series:
IMF eLibrary
IMF Working Papers; Working Paper No. 98/136.
IMF Working Papers; Working Paper No. 98/136
Format/Description:
Government document
Book
1 online resource (34 p.)
Local subjects:
Annual expenditures.
Categories of expenditure.
Data on expenditures.
Effects of inflation.
Expenditure.
Expenditure categories.
Expenditure classification.
Expenditure components.
Expenditure cuts.
Expenditure data.
Expenditure share.
Expenditure survey.
Expenditures.
Inflation.
Inflation rate.
Inflation rates.
Low inflation.
Rate of inflation.
Relative price.
Relative prices.
Total expenditures.
United States.
Summary:
The recent Boskin Commission Report (1996) underscores a significant upward bias in CPI measurement in the United States. This may result in excessive cost-of-living adjustment (COLA) of some entitlements in the federal budget because COLA is indexed to CPI. This paper presents some evidence that overall CPI may be biased against lower income elderly households, the primary beneficiaries of COLA. Although a downward adjustment in CPI resulting in an across-the-board cut in COLA of entitlements may yield significant budgetary savings, it may result in a deterioration in income distribution against lower income elderly households.
Notes:
Description based on print version record.
Contributor:
Erbas, S. Nuri.
Sayers, Chera L.
Other format:
Print Version:
ISBN:
1451855788:
9781451855784
ISSN:
1018-5941
Publisher Number:
10.5089/9781451855784.001
Access Restriction:
Restricted for use by site license.
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