Index-number tests and the common-scaling social cost-of-living index
نویسندگان
چکیده
منابع مشابه
Index-number tests and the common-scaling social cost-of-living index
For a change in prices, the common-scaling social cost-of-living index is the equal scaling of every individual’s expenditure level needed to restore the level of social welfare to its pre-change value. This index does not, in general, satisfy two standard index-number tests. The reversal test requires the index value for the reverse change to be the reciprocal of the original index. And the ci...
متن کاملIndex-Number Tests and the Common-Scaling Social Cost-of-Living Index1
For a change in prices, the common-scaling social cost-of-living index is the equal scaling of each individual’s expenditure level needed to restore the level of social welfare to its prechange value. This index does not, in general, satisfy two standard index-number tests. The reversal test requires the index value for the reverse change to be the reciprocal of the original index. And the circ...
متن کاملThe Common-Scaling Social Cost-of-Living Index
If preferences or budgets are heterogeneous across people (as they clearly are), then individual costof-living indices are also heterogeneous. Thus, any social cost-of-living index faces an aggregation problem. In this paper, we provide a solution to this problem which we call a common-scalingsocial cost-of-living index (CS-SCOLI). In addition, we describe nonparametric methods for estimating...
متن کاملThe relationship between the distinguishing number and the distinguishing index with detection number of a graph
This article has no abstract.
متن کاملSocial Security cost-of-living adjustments and the Consumer Price Index.
OASDI benefits are indexed for inflation to protect beneficiaries from the loss of purchasing power implied by inflation. In the absence of such indexing, the purchasing power of Social Security benefits would be eroded as rising prices raise the cost of living. By statute, cost-of-living adjustments (COLAs) for Social Security benefits are calculated using the Bureau of Labor Statistics (BLS) ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2011
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-011-0536-3