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Providing for shelter represents a large portion of the typical household budget. Accordingly, rent, paid either to a … deflator, resulting in substantial scrutiny of how tenant rent and owners' equivalent rent are measured in these price indexes …. In this paper, we describe how the Bureau of Labor Statistics (BLS) estimates tenant rent and owners' equivalent rent. We …
Persistent link: https://www.econbiz.de/10008636200
Until the end of 1977, the U.S. consumer price index for rents tended to omit rent increases when units had a change of … consequences for historical measures of rent-house-price ratios and for the growth of real consumption. …
Persistent link: https://www.econbiz.de/10005387514
Until the end of 1977, the method used in the U.S. consumer price index (CPI) to measure rent inflation tended to omit … rent increases when units had a change of tenants or were vacant. Since such units typically had more rapid increases in … that from 1940 to 1985 the CPI inflation rate for rent most likely was understated by 1.4 percentage points annually in U …
Persistent link: https://www.econbiz.de/10005717412
Index’s measure of the cost of owner-occupied housing—owners’ equivalent rent of residence (OER)—has begun to accelerate …
Persistent link: https://www.econbiz.de/10011210727
Two recent studies have concluded that for roughly four decades the measure of inflation for rents in the U.S. consumer price index was substantially underestimated. Why should this mismeasurement be of concern? In “Gimme Shelter! Rents Have Risen, Not Fallen, Since World War II,” Len...
Persistent link: https://www.econbiz.de/10004967499
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correlated with a 1% increase in rent. Market power is substantial: on average, markups account for nearly a third of rents in …
Persistent link: https://www.econbiz.de/10012421225
Persistent link: https://www.econbiz.de/10012596778
the density bias of price-to-rent ratios in levels and trends, within and between cities. Our method lends itself to the … creation of comparable neighborhood-level qualified rent indices (Mietspiegel) across Germany. …
Persistent link: https://www.econbiz.de/10012597680