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Estimating the Price of Rents in Regional Price Parities

Author

Listed:
  • Troy Martin
  • Bettina Aten
  • Eric Figueroa

    (Bureau of Economic Analysis)

Abstract

In May of 2011, BEA published prototype estimates of 5-year regional price parities for states and metropolitan areas for 16 expenditure classes, including rents, for the 2005-2009 period. In previous research (see: Aten & Reinsdorf [2010], Aten & Heston [2009]), differences in interarea price comparisons were evaluated using various methods of constructing the multilateral indexes. In this paper we explore some of these results with respect to different treatments of shelter costs (rents), using data from both the Consumer Price Index and the American Community Survey.

Suggested Citation

  • Troy Martin & Bettina Aten & Eric Figueroa, 2011. "Estimating the Price of Rents in Regional Price Parities," BEA Working Papers 0077, Bureau of Economic Analysis.
    • Handle: RePEc:bea:wpaper:0077
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    File URL: https://www.bea.gov/system/files/papers/WP2011-9.pdf
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    References listed on IDEAS

    as
    1. Bettina Aten & Eric Figueroa & Troy Martin, 2011. "Notes on Estimating the Multi-Year Regional Price Parities by 16 Expenditure Categories: 2005-2009," BEA Working Papers 0071, Bureau of Economic Analysis.
    2. Bettina Aten & Marshall Reinsdorf, 2010. "Comparing the Consistency of Price Parities for Regions of the U.S. in an Economic Approach Framework," BEA Papers 0098, Bureau of Economic Analysis.
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    Cited by:

    1. Bettina H. Aten, 2017. "Regional Price Parities and Real Regional Income for the United States," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 131(1), pages 123-143, March.
    2. Bettina H. Aten & Eric Figueroa & Troy Martin, 2013. "Standard Errors in the U.S. Regional Price Parities (RPPs)," BEA Working Papers 0093, Bureau of Economic Analysis.

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    More about this item

    JEL classification:

    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook

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