IDEAS home Printed from https://ideas.repec.org/p/hit/rcesrs/dp25-1.html
   My bibliography  Save this paper

Refining Real Consumption : Accounting for In-Kind Transfers, Imputed Rents, and Preference Heterogeneities

Author

Listed:
  • ABE, Naohito
  • INAKURA, Noriko

Abstract

Over the past decade, expanded government in-kind transfers such as healthcare and education have influenced household welfare in many countries. To capture their effects on consumption inequalities, this study introduces an acquisition-based consumption measure that includes in-kind transfers and imputed rents, deflated using a superlative index. Using Japanese data from 2005 to 2021, we find that while conventional measures indicate an 11.2 percent decline in consumption among younger households, our index shows a 6.3 percent increase. Of the resulting 17.5 percentage-point gap, 10.7 points come from the deflator choice, while the rest arises from including in-kind transfers and imputed rents.

Suggested Citation

  • ABE, Naohito & INAKURA, Noriko, 2025. "Refining Real Consumption : Accounting for In-Kind Transfers, Imputed Rents, and Preference Heterogeneities," RCESR Discussion Paper Series DP25-1, Research Center for Economic and Social Risks, Institute of Economic Research, Hitotsubashi University.
    • Handle: RePEc:hit:rcesrs:dp25-1
    Note: 6 January, 2025
    as

    Download full text from publisher

    File URL: https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/84612/dp25-1_rcesr.pdf
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hit:rcesrs:dp25-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Digital Resources Section, Hitotsubashi University Library (email available below). General contact details of provider: https://edirc.repec.org/data/eshitjp.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.