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Working Paper
Introduction to price and productivity measurement for housing
This paper provides a brief introduction to a proposed new opportunity cost treatment of owner-occupied housing in measures of inflation for the United States. In addition, the paper introduces, and provides links to, a collection of nine other papers that discuss various aspects of the treatment of owner-occupied housing in measures of inflation for a number of nations, including Canada, Germany, Iceland, and the United States.
Journal Article
The formula
Journal Article
Indexes, inflation, and public policy
Journal Article
Un-COLA?
Working Paper
Accounting for housing in a CPI
In this paper, we take stock of how statistical agencies in different nations are currently accounting for housing in their consumer price indexes (CPIs). The rental equivalence and user cost approaches have been favourites of economists. Both can be derived from the fundamental equation of capital theory. Concerns about these approaches are taken up. We go on to argue that an opportunity cost approach is the correct theoretical framework for accounting for owner-occupied housing (OOH) in a CPI. This approach, first mentioned in a 2006 OECD paper by Diewert, is developed more fully here. We ...
Working Paper
Evaluating the Effects of Geographic Adjustments on Poverty Measures Using Self-Reported Financial Well-Being Scores
A central aspect of poverty measurement is how well the measure can identify the people and places that are experiencing financial hardships. This paper explores the relationship between poverty financial hardship by using the CFPB's financial well-being scale, which reflects individuals' self-assessments of their financial challenges. Using this measure, for every 1 percentage point increase in a state's official poverty rate for working-age adults, there is a 0.59 percentage point increase in the share of working-age adults with very low financial well-being. In contrast, the state's ...
Working Paper
Evaluating the Effects of Geographic Adjustments on Poverty Measures Using Self-Reported Financial Well-Being Scores
A central aspect of poverty measurement is how well the measure can identify the people and places that are experiencing financial hardships. This paper explores the relationship between poverty financial hardship by using the CFPB's financial well-being scale, which reflects individuals' self-assessments of their financial challenges. Using this measure, for every 1 percentage point increase in a state's official poverty rate for working-age adults, there is a 0.59 percentage point increase in the share of working-age adults with very low financial well-being. In contrast, the state's ...
Working Paper
Evaluating the Effects of Geographic Adjustments on Poverty Measures Using Self-Reported Financial Well-Being Scores
A central aspect of poverty measurement is how well the measure can identify the people and places that are experiencing financial hardships. This paper explores the relationship between poverty financial hardship by using the CFPB's financial well-being scale, which reflects individuals' self-assessments of their financial challenges. Using this measure, for every 1 percentage point increase in a state's official poverty rate for working-age adults, there is a 0.59 percentage point increase in the share of working-age adults with very low financial well-being. In contrast, the state's ...
Working Paper
Evaluating the Effects of Geographic Adjustments on Poverty Measures Using Self-Reported Financial Well-Being Scores
A central aspect of poverty measurement is how well the measure can identify the people and places that are experiencing financial hardships. This paper explores the relationship between poverty financial hardship by using the CFPB's financial well-being scale, which reflects individuals' self-assessments of their financial challenges. Using this measure, for every 1 percentage point increase in a state's official poverty rate for working-age adults, there is a 0.59 percentage point increase in the share of working-age adults with very low financial well-being. In contrast, the state's ...
Working Paper
Evaluating the Effects of Geographic Adjustments on Poverty Measures Using Self-Reported Financial Well-Being Scores
A central aspect of poverty measurement is how well the measure can identify the people and places that are experiencing financial hardships. This paper explores the relationship between poverty financial hardship by using the CFPB's financial well-being scale, which reflects individuals' self-assessments of their financial challenges. Using this measure, for every 1 percentage point increase in a state's official poverty rate for working-age adults, there is a 0.59 percentage point increase in the share of working-age adults with very low financial well-being. In contrast, the state's ...