| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26890 |
| 来源ID | Working Paper 26890 |
| Measuring Welfare and Inequality with Incomplete Price Information | |
| David Atkin; Benjamin Faber; Thibault Fally; Marco Gonzalez-Navarro | |
| 发表日期 | 2020-03-30 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We propose and implement a new approach that allows us to estimate income-specific changes in household welfare in contexts where well-measured prices are not available for important subsets of consumption. Using rich but widely available expenditure survey microdata, we show that we can recover income-specific equivalent and compensating variations as long as preferences fall within the broad quasi-separable class (Gorman 1970; 1976). Our approach is flexible enough to allow for non-parametric estimation at each point of the income distribution. We implement this approach to estimate inflation and welfare changes in rural India between 1987 and 2000, and to revisit the impacts of India’s trade reforms. Our estimates reveal that lower rates of inflation for the rich erased the real income convergence documented by the existing literature that uses the subset of consumption with well-measured prices to calculate inflation. |
| 主题 | Microeconomics ; Households and Firms ; Macroeconomics ; Business Cycles ; International Economics ; Globalization and International Relations ; Development and Growth ; Development |
| URL | https://www.nber.org/papers/w26890 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584563 |
| 推荐引用方式 GB/T 7714 | David Atkin,Benjamin Faber,Thibault Fally,et al. Measuring Welfare and Inequality with Incomplete Price Information. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w26890.pdf（1047KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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