| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14550 |
| DP14550 Measuring Welfare and Inequality with Incomplete Price Information | |
| David Atkin; Benjamin Faber; Thibault Fally; Marco Gonzalez-Navarro | |
| 发表日期 | 2020-04-01 |
| 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 | Development Economics ; International Trade and Regional Economics |
| 关键词 | Real income inequality Non-homothetic preferences Price indices Gains from trade |
| URL | https://cepr.org/publications/dp14550-0 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/543454 |
| 推荐引用方式 GB/T 7714 | David Atkin,Benjamin Faber,Thibault Fally,et al. DP14550 Measuring Welfare and Inequality with Incomplete Price Information. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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