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A Distributional PCE Price Index From Aggregate Data
This paper proposes a method to measure individual and aggregate changes in the cost of living when consumer behavior is nonhomothetic …
Philipp Hochmuth, Markus Pettersson, Christoffer Jessen Weissert
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A Distributional PCE Price Index From Aggregate Data
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
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A Nonhomothetic Price Index and Cost-of-Living Inequality
Endogenous technological change along the demographic transition
I study the effect of demographic change on economic growth under endogenous, R&D-driven technological change. Qualitatively, …
Markus Pettersson
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Endogenous technological change along the demographic transition