Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/82663
Authors: 
Klevmarken, N. Anders
Year of Publication: 
2004
Series/Report no.: 
Working Paper, Department of Economics, Uppsala University 2004:18
Abstract: 
A dynamic model of consumer behavior that incorporates the demand for housing is specified such that it is consistent with the general purpose of a consumer price index. From this model a true cost-of-living index that includes housing is derived. Being an ideal index it cannot be computed without imposing additional assumptions about the behavior of the consumer, but it is possible to draw conclusions about the prices and weights that should be used in conventional approximations to such an ideal index.
Subjects: 
True cost-of-living index
compensation index
price index of housing
JEL: 
C43
D91
Document Type: 
Working Paper

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