EconPapers    
Economics at your fingertips  
 

Expenditure-based Interarea Cost of Living Index

Alexandru Voicu () and Michael Lahr ()

Urban/Regional from University Library of Munich, Germany

Abstract: The main difficulty in comparing the cost-of-living among metropolitan areas is that, at this level, prices of most goods and services are not available. Even when the prices are available, constructing aggregate prices for groups of goods and services comparable across areas, is a difficult task. In this paper we attempt to construct a cost-of-living index for metropolitan areas, using only data on metropolitan-level expenditures. While our method circumvents the two problems mentioned above, it requires two assumptions regarding the level of utility attained across areas, and the effect of demand elasticity on the relationship priceexpenditure.

Keywords: Index; Cost of Living; metropolitan; macrolevel data (search for similar items in EconPapers)
JEL-codes: R (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-geo and nep-ure
Date: 2004-03-25
Note: Type of Document - pdf; pages: 20
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/urb/papers/0403/0403006.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpur:0403006

Access Statistics for this paper

More papers in Urban/Regional from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ().

 
Page updated 2018-10-07
Handle: RePEc:wpa:wuwpur:0403006