Living Standards in the United States: A consumption-based Approach (AEI Studies on Understanding Economic Inequality)
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ISBN: 0844771422 / Publisher: Aei Press, January 2000
Many economists' pessimistic view of social welfare in the United States is unwarranted.
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In this text, Slesnick (U. of Texas, Austin) proposes that the government recalculate poverty using a consumption-based approach and switch from the consumer price index (CPI) for price-level adjustments to a price index calculated using prices reported in the National Income and Product Accounts. This method of measurement yields a poverty rate that is half the official rate. The volume is not indexed. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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