01708cas a2200253 a 4500 AALejournalIMF000719 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855784 1018-5941 BD-DhAAL BD-DhAAL Erbas, S. Is the United States CPI Biased Across Income and Age Groups? / S. Erbas, Chera Sayers. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (34 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The recent Boskin Commission Report (1996) underscores a significant upward bias in CPI measurement in the United States. This may result in excessive cost-of-living adjustment (COLA) of some entitlements in the federal budget because COLA is indexed to CPI. This paper presents some evidence that overall CPI may be biased against lower income elderly households, the primary beneficiaries of COLA. Although a downward adjustment in CPI resulting in an across-the-board cut in COLA of entitlements may yield significant budgetary savings, it may result in a deterioration in income distribution against lower income elderly households. Mode of access: Internet Sayers, Chera. IMF Working Papers; Working Paper ; No. 1998/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/1998/136/001.1998.issue-136-en.xml IMF e-Library