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Price Indices Created for the Project "Global Price Indices", 2019-2021
Creator
Jaravel, X
Study number / PID
855414 (UKDA)
10.5255/UKDA-SN-855414 (DOI)
Data access
Restricted
Series
Not available
Abstract
The dataset provides the price indices computed for the academic paper "Price and Global Inequality", available at https://www.xavierjaravel.com/papers. The data has been created as part of the project addressing two questions: (1) What are the implications of prices changes for inequality and standards of living? (2) To what extent do the price effects induced by policies alter the cost-benefit analysis of these policies? Despite extensive research, we currently lack detailed data as well as various empirical and theoretical tools to appropriately answer these questions. These questions are fundamental because it is well-known that individuals across the income distribution purchase different baskets of goods and services. Therefore, changes in prices or product availability over time can potentially have an important impact on inequality.This project asks two questions:
(1) What are the implications of prices changes for inequality and standards of living?
(2) To what extent do the price effects induced by policies alter the cost-benefit analysis of these policies?
Despite extensive research, we currently lack detailed data as well as various empirical and theoretical tools to appropriately answer these questions.
These questions are fundamental because it is well-known that individuals across the income distribution purchase different baskets of goods and services. Therefore, changes in prices or product availability over time can potentially have an important impact on inequality. Likewise, differences in prices across countries can have a profound impact on standards of living across countries.
The few studies that have investigated these questions have used "macro" data (at a high level of aggregation), but I have shown in previous work (Jaravel 2017) that it is crucial to use "micro" data (i.e. very disaggregated data, at the product level) to accurately answer these questions.
We know that policies may have large price...
Terminology used is generally based on DDI controlled vocabularies: Time Method, Analysis Unit, Sampling Procedure and Mode of Collection, available at CESSDA Vocabulary Service.
Methodology
Data collection period
01/02/2019 - 31/01/2021
Country
United Kingdom
Time dimension
Not available
Analysis unit
Geographic Unit
Universe
Not available
Sampling procedure
Not available
Kind of data
Numeric
Data collection mode
The price data is obtained from household panels that are run by internationally active research marketing companies. A full description of the data collection and price index calculation steps is provided in the paper "Prices and Global Inequality", available at https://www.xavierjaravel.com/papers
Funding information
Grant number
ES/S005862/1
Access
Publisher
UK Data Service
Publication year
2022
Terms of data access
The Data Collection is available for download to users registered with the UK Data Service.