Is the United States CPI Biased Across Income and Age Groups?

Is the United States CPI Biased Across Income and Age Groups?
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... READ MORE...

Publication date: September 1998
ISBN 9781451855784
$15.00

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