Are Engel Curve Estimates of CPI Bias Biased?
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A recent literature has advanced the use of Engel curves to estimate overall CPI bias. In this paper, I show that the methodology is sensitive to the modeling of household demography. Existing estimates of CPI bias do not account for the changing effect of household size on budget shares, and this
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美国国家经济研究局创建时间：
2008-03-01
