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Replication data for: Product Turnover and the Cost-of-Living Index: Quality versus Fashion Effects

Version
1
Resource Type
Dataset
Creator
  • Ueda, Kozo
  • Watanabe, Kota
  • Watanabe, Tsutomu
Publication Date
2018-12-30
Description
  • Abstract

    This paper evaluates the effects of product turnover on a welfare-based cost-of-living index by incorporating the quality effect and the fashion effect. Employing scanner data for Japan for the years 1988–2013, we find that (i) the price and quantity of a new product tend to be higher than those of its predecessor at its exit; (ii) a considerable fashion effect exists for the entire sample period, while the quality effect is declining over time; and (iii) the discrepancy between the cost-of-living index estimated based on our methodology and the price index constructed only from a matched sample is not large.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20160403 (Text)
Publications
  • Ueda, Kozo, Kota Watanabe, and Tsutomu Watanabe. “Product Turnover and the Cost-of-Living Index: Quality versus Fashion Effects.” American Economic Journal: Macroeconomics 11, no. 2 (April 2019): 310–47. https://doi.org/10.1257/mac.20160403.
    • ID: 10.1257/mac.20160403 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Ueda, Kozo; Watanabe, Kota; Watanabe, Tsutomu (2018): Replication data for: Product Turnover and the Cost-of-Living Index: Quality versus Fashion Effects. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114151V1