Revisiting taste change in cost-of-living measurement

Q3 Social Sciences

Journal of Economic and Social Measurement Pub Date : 2022-05-12 DOI:10.3233/jem-220485

Robert S. Martin

引用次数: 7

Abstract

This paper compares conditional and unconditional cost-of-living indexes (COLI) when tastes change, focusing on the Constant Elasticity of Substitution model. A consumer price index typically targets a conditional COLI, which evaluates price change given set of preferences. An unconditional COLI aims to also capture the welfare effects of changing tastes, but it requires stronger assumptions. Using retail scanner data for food and beverage products, I find COLIs conditioning on current period tastes exceed those conditioning on prior period tastes. Consistent with previous studies, I find an unconditional COLI tends to reflect negative direct contributions from taste change.

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重新审视生活成本测量中的口味变化

本文比较了口味变化时有条件和无条件的生活成本指数（COLI），重点研究了替代的恒定弹性模型。消费者价格指数通常以条件COLI为目标，该条件COLI评估给定偏好集的价格变化。无条件的COLI旨在捕捉口味变化带来的福利影响，但它需要更强的假设。使用食品和饮料产品的零售扫描仪数据，我发现对当前时期口味的COLI调节超过了对前一时期口味的调节。与之前的研究一致，我发现无条件的COLI倾向于反映味觉变化的负面直接贡献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic and Social Measurement Social Sciences-Social Sciences (all)

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic and Social Measurement (JESM) is a quarterly journal that is concerned with the investigation of all aspects of production, distribution and use of economic and other societal statistical data, and with the use of computers in that context. JESM publishes articles that consider the statistical methodology of economic and social science measurements. It is concerned with the methods and problems of data distribution, including the design and implementation of data base systems and, more generally, computer software and hardware for distributing and accessing statistical data files. Its focus on computer software also includes the valuation of algorithms and their implementation, assessing the degree to which particular algorithms may yield more or less accurate computed results. It addresses the technical and even legal problems of the collection and use of data, legislation and administrative actions affecting government produced or distributed data files, and similar topics. The journal serves as a forum for the exchange of information and views between data producers and users. In addition, it considers the various uses to which statistical data may be put, particularly to the degree that these uses illustrate or affect the properties of the data. The data considered in JESM are usually economic or social, as mentioned, but this is not a requirement; the editorial policies of JESM do not place a priori restrictions upon the data that might be considered within individual articles. Furthermore, there are no limitations concerning the source of the data.