Skip to main content

Fed paper presents new way to measure consumer welfare

Consumer preferences change in line with incomes, researcher argues

Planning-for-inflation

Consumer welfare was higher in 1955 than 2019, finds a researcher at the Federal Reserve Bank of New York. 

Danial Lashkari argues that traditional measures of wellbeing and welfare do not account for the differences in consumer preference observed across income levels. Lashkari’s paper measures wellbeing using income and household-level inflation data. 

He ties household consumption to the basket of goods and services associated with each household’s income. “Households choose different baskets

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Iniciar sesión
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.