Chung, Chul; Gibson, John; Kim, Bonggeun - In: Asian Economic Papers 9 (2010) 1, pp. 1-15
We estimate the consumer price index (CPI) bias in Korea by employing the approach of Engel's Law as suggested by Hamilton (2001). Using Korean panel data (Korean Labor and Income Panel Study) and following Hamilton's model with a non-linear specification correction, our estimation result shows...