Product turnover and the cost-of-living index: Quality versus fashion effects

Kozo Ueda, Kota Watanabe, Tsutomu Watanabe

研究成果: Article

2 引用 (Scopus)

抄録

This paper evaluates the effects of product turnover on a welfare- based cost-of-living index by incorporating the quality effect and the fashion effect. Employing scanner data for Japan for the years 1988-2013, we find that (i) the price and quantity of a new product tend to be higher than those of its predecessor at its exit; (ii) a considerable fashion effect exists for the entire sample period, while the quality effect is declining over time; and (iii) the discrepancy between the cost-of-living index estimated based on our methodology and the price index constructed only from a matched sample is not large.

元の言語English
ページ(範囲)310-347
ページ数38
ジャーナルAmerican Economic Journal: Macroeconomics
11
発行部数2
DOI
出版物ステータスPublished - 2019 1 1

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Turnover
Cost of living index
Discrepancy
Price index
Japan
Methodology
New products
Exit
Scanner data

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)

これを引用

Product turnover and the cost-of-living index : Quality versus fashion effects. / Ueda, Kozo; Watanabe, Kota; Watanabe, Tsutomu.

:: American Economic Journal: Macroeconomics, 巻 11, 番号 2, 01.01.2019, p. 310-347.

研究成果: Article

Ueda, Kozo ; Watanabe, Kota ; Watanabe, Tsutomu. / Product turnover and the cost-of-living index : Quality versus fashion effects. :: American Economic Journal: Macroeconomics. 2019 ; 巻 11, 番号 2. pp. 310-347.
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