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A State Price Index

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Author Info

  • Victor R. Fuchs
  • Robert T. Michael
  • Sharon R. Scott

Abstract

No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for constructing a state-specific Laspeyres price index using conveniently available information from the Census of Business and the Survey of Current Business. The index is calculated for each state (and for Census divisions and regions) for 1967 and 1972. Its characteristics are discussed, and it is used to deflate nominal per capita income by state. Comparing "real" income by state with nominal income by state, the former has substantially less variation cross-sectionally but greater variation over time (between 1967 and 1972).

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File URL: http://www.nber.org/papers/w0320.pdf
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Bibliographic Info

Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 0320.

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Date of creation: Feb 1979
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Handle: RePEc:nbr:nberwo:0320

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  1. Victor R. Fuchs, 1976. "The Earnings of Allied Health Personnel - Are Health Workers Underpaid?," NBER Chapters, in: Explorations in Economic Research, Volume 3, number 3, pages 106-130 National Bureau of Economic Research, Inc.
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Cited by:
  1. Hai-Yen Sung & Teh- Wei Hu & Theodore E. Keeler, 1994. "A Dynamic Simultaneous-Equations Model for Cigarette Consumption in the Western States," Public Economics 9403002, EconWPA, revised 04 Apr 1994.
  2. Eugene M. Lewit & Douglas Coate & Michael Grossman, 1981. "The Effects of Government Regulation on Teenage Smoking," NBER Working Papers 0655, National Bureau of Economic Research, Inc.
  3. Robert T. Michael & Victor R. Fuchs & Sharon R. Scott, 1980. "Changes in Household Living Arrangements 1950-76," NBER Working Papers 0262, National Bureau of Economic Research, Inc.
  4. Robert Michael & Victor Fuchs & Sharon Scott, 1980. "changes in the propensity to live alone: 1950–1976," Demography, Springer, vol. 17(1), pages 39-56, February.

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