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A rental-equivalence index for owner-occupied housing in West Germany 1985 to 1998

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dc.creator Kurz, Claudia
dc.creator Hoffmann, Johannes
dc.date 2004
dc.date.accessioned 2013-10-16T07:05:10Z
dc.date.available 2013-10-16T07:05:10Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19475
dc.identifier ppn:385183496
dc.identifier RePEc:zbw:bubdp1:1821
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19475
dc.description In this paper, we review the German practice of imputing the costs of owner-occupied housing by increasing the relative weight of actual rents in the CPI. As the structure of owner-occupied housing differs substantially from that of rental housing, this variant of the imputation method may cause a bias in the German CPI. For assessing the appropriateness of the German imputation method, we estimate alternative rental equivalent indices based on the GSOEP. We find some evidence of an understatement of the "true" rate of price increase, which is, however, not directly related to the imputation method.
dc.language eng
dc.relation Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,08
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C43
dc.subject C21
dc.subject R21
dc.subject E31
dc.subject D12
dc.subject R31
dc.subject ddc:330
dc.subject Consumer Price Index
dc.subject hedonics
dc.subject housing
dc.subject matched models
dc.subject Wohneigentum
dc.subject Miete
dc.subject Lebenshaltungsindex
dc.subject Hedonischer Preis
dc.subject Index
dc.subject Deutschland
dc.subject Alte Bundesländer
dc.title A rental-equivalence index for owner-occupied housing in West Germany 1985 to 1998
dc.type doc-type:workingPaper


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