Publications

Philipp Hochmuth, Markus Pettersson, Christoffer Jessen Weissert (2025). A Distributional Cost-of-Living Index From Aggregate Data. Review of Income and Wealth, vol. 71(4), pp. 1–18.

Article (open access) Working paper Replication code

Working papers

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

Work in progress

A Century of Real Consumption Growth with Income-Dependent Preferences
Recent evidence from the price index literature suggest that conventional price indices understate long-run inflation—and …
Markus Pettersson
Modelling Income Tax Functions Under Heterogeneous Household Composition: A Unified Framework and Empirical Estimates for Macroeconomic Analysis
Many tax systems differentiate between households based on their composition, for example through joint taxation of married couples or …
Markus Pettersson
Real Consumption Inequality over the Last Half Century: Evidence Using the PSID Consumption Measure and Heterogeneous Inflation Rates
This project investigates the evolution of real consumption inequality when we account for consumption-specific inflation rates but …
Markus Pettersson