The plutocratic bias in the Indian consumer price index
Fuente:
Organización Internacional del Trabajo (OIT)
Salvato in:
| Autori principali: | , |
|---|---|
| Natura: | Artículo científico |
| Pubblicazione: |
International Labour Organization
2019
|
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1874524893518757891 |
|---|---|
| author | D. M. Nachane Aditi Chaubal |
| author_facet | D. M. Nachane Aditi Chaubal D. M. Nachane Aditi Chaubal |
| contents | The plutocratic bias in the Indian consumer price index D. M. Nachane Aditi Chaubal Studies have found a plutocratic bias in the traditional Laspeyres‐type consumer price index (CPI), attaching greater importance to expenditure by rich households compared to the poor, while the democratic CPI attaches equal weight to all. The authors calculate the democratic index and estimate the plutocratic bias for the new Indian CPI (launched in 2012), the rural and urban CPIs, and the CPIs of three Indian states from 2012 to 2015. They further develop democratic indices for commodity groups and separate indices for three expenditure brackets. The biases found against less developed states and the poorer sections of the population have important implications for monetary policy and indexation of transfer payments. 10.1111/ilr.12072 DOI https://doi.org/10.1111/ilr.12072 publication.journalArticle |
| format | Artículo científico |
| id | ilo_995219177902676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2019 |
| publisher | International Labour Organization |
| spellingShingle | The plutocratic bias in the Indian consumer price index D. M. Nachane Aditi Chaubal The plutocratic bias in the Indian consumer price index D. M. Nachane Aditi Chaubal Studies have found a plutocratic bias in the traditional Laspeyres‐type consumer price index (CPI), attaching greater importance to expenditure by rich households compared to the poor, while the democratic CPI attaches equal weight to all. The authors calculate the democratic index and estimate the plutocratic bias for the new Indian CPI (launched in 2012), the rural and urban CPIs, and the CPIs of three Indian states from 2012 to 2015. They further develop democratic indices for commodity groups and separate indices for three expenditure brackets. The biases found against less developed states and the poorer sections of the population have important implications for monetary policy and indexation of transfer payments. 10.1111/ilr.12072 DOI https://doi.org/10.1111/ilr.12072 publication.journalArticle |
| title | The plutocratic bias in the Indian consumer price index |
| url | https://researchrepository.ilo.org/esploro/outputs/journalArticle/The-plutocratic-bias-in-the-Indian/995219177902676 |