TY - BOOK ID - 84540308 TI - Is the United States CPI Biased Across Income and Age Groups? AU - Erbas, S. AU - Sayers, Chera. PY - 1998 SN - 1462331734 1452764344 1282104152 1451900937 9786613799487 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Inflation KW - Macroeconomics KW - Public Finance KW - Demography KW - Price Level KW - Deflation KW - National Government Expenditures and Welfare Programs KW - Social Security and Public Pensions KW - Personal Income, Wealth, and Their Distributions KW - Economics of the Elderly KW - Economics of the Handicapped KW - Non-labor Market Discrimination KW - National Government Expenditures and Related Policies: General KW - Population & demography KW - Public finance & taxation KW - Personal income KW - Aging KW - Consumer price indexes KW - Expenditure KW - National accounts KW - Population and demographics KW - Prices KW - Income KW - Population aging KW - Price indexes KW - Expenditures, Public KW - United States UR - https://www.unicat.be/uniCat?func=search&query=sysid:84540308 AB - 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. ER -