Marketizing U.S. Production in the Post-War Era: Implications for Estimating CPI Bias and Real Income from a Complete-Household-Demand System

Wallace Huffman

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: This paper applies production theory to define a new set of inputs for U.S. households for the post-war II period, tests the new inputs to see if they support a complete household-demand system, and reports a new social cost-of-living index. The data support a demand system with nine major input categories and yield plausible price, income, and translating-variable effects. Women

Keywords: complete-demand system; household production; social cost of living index; post-war II (search for similar items in EconPapers)
Date: 2004-06-11
New Economics Papers: this item is included in nep-agr and nep-his
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Citations: View citations in EconPapers (1)

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http://www2.econ.iastate.edu/papers/p3832-2004-06-11.pdf (application/pdf)

Related works:
Working Paper: MARKETIZING U.S. PRODUCTION IN THE POST-WAR ERA: IMPLICATIONS FOR ESTIMATING CPI BIAS AND REAL INCOME FROM A COMPLETE-HOUSEHOLD-DEMAND SYSTEM (2004)
Working Paper: Marketizing U.S. Production in the Post-War Era: Implications for Estimating CPI Bias and Real Income from a Complete-Household-Demand System (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:11987

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