Crossley, Thomas F.; Pendakur, Krishna - Department of Economics, McMaster University - 2006
We present a new class of social cost-of-living indices and a nonparametric framework for estimating these and other … social cost-of- living indices. Common social cost-of-living indices can be understood as aggregator functions of … are independent of household expenditure. A first order approximation of our social cost-of- living index nests as special …