Data and Code for: Measuring the Cost of Living in Mexico and the U.S.
Principal Investigator(s): View help for Principal Investigator(s) David Argente, Pennsylvania State University; Chang-Tai Hsieh, University of Chicago. Booth School of Business; Munseob Lee, University of California-San Diego
Version: View help for Version V1
| Name | File Type | Size | Last Modified |
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| Code | 10/24/2021 10:39:PM | ||
| Dta | 10/24/2021 10:39:PM | ||
| Output | 10/24/2021 10:39:PM | ||
| Raw | 10/24/2021 10:39:PM | ||
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text/plain | 2.8 KB | 01/23/2023 01:11:PM |
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application/pdf | 148.9 KB | 01/23/2023 01:07:PM |
Project Citation:
Argente, David, Hsieh, Chang-Tai, and Lee, Munseob. Data and Code for: Measuring the Cost of Living in Mexico and the U.S. Nashville, TN: American Economic Association [publisher], 2023. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2023-06-21. https://doi.org/10.3886/E153241V1
Project Description
Summary:
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We use a dataset with prices and spending on consumer packaged goods matched at the barcode-level across the US and Mexico to measure the price index in Mexico relative to the US. Mexican prices relative to the US are 23% lower compared to the International Comparisons Project's (ICP) price index. We decompose the 23% gap into the biases from imputation, sampling, quality, and variety. Quality bias increases Mexican prices by 48%. Imputation, sampling, and variety bias lowers Mexican prices by 11%, 13%, and 33%, respectively.
Scope of Project
Subject Terms:
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Price Index;
Purchasing Power Parity;
International Price Comparison
JEL Classification:
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E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
E31 Price Level; Inflation; Deflation
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
E01 Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
E31 Price Level; Inflation; Deflation
O47 Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
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