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Getting Real About Wages: A Nonhomothetic Wage Deflator
Conventional real wages—nominal wages divided by a consumption deflator—are biased from a welfare perspective when …
Working paper
Getting Real About Wages: A Nonhomothetic Wage Deflator
Endogenous Technological Change Along the Demographic Transition
Does population ageing hurt output per capita? Standard life-cycle models that consider two fundamental forces, capital deepening …
Markus Pettersson
Working paper
Endogenous Technological Change Along the Demographic Transition
A Nonhomothetic Price Index and Cost-of-Living Inequality
We derive a price index based on nonhomothetic preferences and use it to document cost-ofliving inequality in the United States. Our …
Philipp Hochmuth, Markus Pettersson, Christoffer Jessen Weissert
Working paper Online appendix Video
A Nonhomothetic Price Index and Cost-of-Living Inequality