age ~58
from Chagrin Falls, OH
Between 1999 and 2006, there were two episodes during which inflation in the Rent index in the CPI diverged markedly from inflation in the index for Owner's Equivalent Rent (OER); early in 2007, these series began to diverge again. Such divergence often prompts many to question CPI methods. A key di...
Author
Robert Poole, Randal Verbrugge
Binding
Paperback
Pages
34
Publisher
BiblioGov
ISBN #
1288619502
EAN Code
9781288619504
ISBN #
4
This paper demonstrates that, in the context of U.S. housing data, rents and ex ante user costs diverge markedly-in both growth rates and levels-for extended periods of time, a seeming failure of arbitrage and a puzzle from the perspective of standard capital theory. The tremendous volatility of eve...
Author
Randal Verbrugge
Binding
Paperback
Pages
44
Publisher
BiblioGov
ISBN #
1288619405
EAN Code
9781288619405
ISBN #
3
This paper constructs, for the five largest cities in the United States, user costs and rents for the same structure, in levels (i.e., measured in dollars). The levels formulation is a major advantage over indexes since one can answer questions like "Is it cheaper to rent or to own?" or "Are houses ...
Author
Thesia I. Garner, Randal Verbrugge
Binding
Paperback
Pages
28
Publisher
BiblioGov
ISBN #
1288619375
EAN Code
9781288619375
ISBN #
2
Previous research (Verbrugge, 2008a) demonstrated that housing rents and ex ante user costs diverge markedly for extended periods of time, a finding with profound implications for income and inflation measurement. But the primary data sources in that study were various indexes, based upon largely di...
Author
Randal Verbrugge, Thesia I. Garner
Binding
Paperback
Pages
50
Publisher
BiblioGov
ISBN #
1288619294
EAN Code
9781288619290
ISBN #
1