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i j j Evert Pommer, Javier Ruiz-Castillo, Maria Jesus San Segundo, k f l m
"... To what extent do fisca regimes equalize opportunities for income acquisition among citizens? a, b c d ..."
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To what extent do fisca regimes equalize opportunities for income acquisition among citizens? a, b c d
On Plutocratic and Democratic CPIs
- Economics Bulletin
, 2002
"... Prais (1958) showed that the standard CPI computed by most statistical agencies can be interpreted as a plutocratic weighted average of household price indexes because the weight of each household in the official CPI is determined by its total expenditures. In this paper, we decompose the difference ..."
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the difference between the standard CPI and a democratically weighted index as the product of a measure of income inequality and the sample covariance between the elementary individual price indexes and a parameter which is a function of the income elasticity of each good. I thank Javier Ruiz−Castillo
The plutocratic gap in the CPI: evidence from Spain
- IMF Staff Papers
, 2003
"... The plutocratic gap is defined as the difference between the inflation measured according to the current official consumer price index (CPI) and a democratic index in which all households receive the same weight. During 1992–97, the pluto-cratic gap in Spain averaged 0.055 percentage points a year. ..."
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Ley is a Senior Economist in the Asian Division of the IMF Institute. Javier Ruiz-Castillo is Professor of Economics at the Universidad Carlos III de Madrid. The authors have benefited greatly from the comments of an anonymous referee. They have also received valuable comments from Liam Ebrill, Diego
