Gluzmann, Pablo; Sturzenegger, Federico - In: Latin American Economic Review 28 (2018) 1, pp. 1-50
We use the shifts in Engel curves calculated from household surveys to estimate CPI biases in Argentina between 1985 and 2005. We find that real earning levels increased during this period between 4.3 and 5.7% faster per year than previously estimated. More surprisingly, relative to conventional...