It takes the average reader and 36 minutes to read Is the United States CPI Biased Across Income and Age Groups? by Mr. S. Nuri Erbas
Assuming a reading speed of 250 words per minute. Learn more
The recent Boskin Commission Report (1996) underscores a significant upward bias in CPI measurement in the United States. This may result in excessive cost-of-living adjustment (COLA) of some entitlements in the federal budget because COLA is indexed to CPI. This paper presents some evidence that overall CPI may be biased against lower income elderly households, the primary beneficiaries of COLA. Although a downward adjustment in CPI resulting in an across-the-board cut in COLA of entitlements may yield significant budgetary savings, it may result in a deterioration in income distribution against lower income elderly households.
Is the United States CPI Biased Across Income and Age Groups? by Mr. S. Nuri Erbas is 36 pages long, and a total of 9,216 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 50 minutes to read Is the United States CPI Biased Across Income and Age Groups? aloud.
Is the United States CPI Biased Across Income and Age Groups? is suitable for students ages 8 and up.
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