TY  - JOUR
AU  - Krueger,Alan B.
AU  - Siskind,Aaron
TI  - Assessing the Bias in the Consumer Price Index from Survey Data
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 6450
PY  - 1998
Y2  - March 1998
UR  - http://www.nber.org/papers/w6450
L1  - http://www.nber.org/papers/w6450.pdf
N1  - Author contact info:
Alan B. Krueger
Industrial Relations Section
Firestone Library
Princeton University
Princeton, NJ 08544
Tel: 609/258-4046
Fax: 609/258-2907
E-Mail: akrueger@princeton.edu
AB  - This paper compares self-reported changes in families' financial status to actual changes based on annual time-series data calculated from the PSID.  The results indicate that the Consumer Price Index does a reasonably accurate job reconciling self-reported changes in financial status with measured changes in real income.  Earlier work by Nordhaus (1998) reached a different conclusion  because it did not account for changes in the shape of the income distribution.
ER  -