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Methodology on Cost of Living, Wages and Purchasing Power for Ordinary Residents

In: 2014 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wages and Purchasing Power for World's Major Cities

Author

Listed:
  • Tan Khee Giap
  • Tan Kong Yam
  • Yuan Randong
  • Nguyen Le Phuong Anh
  • Cledan Mandri-Perrott
  • Vu Minh Khuong

Abstract

The following sections are included:IntroductionData SourcesAssumptions MadeConstructing the Cost of Living Index and Ranking for Ordinary ResidentsComponents of Adjustment Factors: Inflation Rates, Nominal Expenditure per Capita and Real Expenditure per CapitaComputation of Cost of Living Index and Ranking for Ordinary ResidentsConstructing the 10 ACI Consumption Categories Indices and Rankings for Ordinary ResidentsConstructing the Wages Index and Ranking for Ordinary ResidentsGross Average Nominal Monthly WagesMean Weekly Hours Actually WorkedComputation of Wages Index and Ranking for Ordinary ResidentsConstructing the Purchasing Power Index and Ranking for Ordinary ResidentsReferences

Suggested Citation

  • Tan Khee Giap & Tan Kong Yam & Yuan Randong & Nguyen Le Phuong Anh & Cledan Mandri-Perrott & Vu Minh Khuong, 2016. "Methodology on Cost of Living, Wages and Purchasing Power for Ordinary Residents," World Scientific Book Chapters, in: 2014 Annual Indices for Expatriates and Ordinary Residents on Cost of Living, Wages and Purchasing Power for World's Major Cities, chapter 3, pages 35-66, World Scientific Publishing Co. Pte. Ltd..
  • Handle: RePEc:wsi:wschap:9789814583589_0003
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    Keywords

    Cost of Living; Purchasing Power; Residents; Expatriates; Wages Index;

    JEL classification:

    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation

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