Consumer behaviour

Measures of average inflation like the RPI cannot, by definition, capture the true cost-of-living increases faced by individual households. This report looks at the extent to which a range of households have had different experiences of inflation over the last 15 years.

The only circumstance under which one can speak accurately about <i>the</i> cost-of-living index is one in which household expenditure patterns do not vary.

The aim of this paper is to assess the importance of using micro-level data in the econometric analysis of consumer demand.

A survey of the main issues involved in using equivalence scales to estimate the costs of children for policy purposes: the authors estimate a range of scales for the UK and examine the impact of varying scales on official statistics.

Intertemporal consumption, durables and liquidity constraints: a cohort analysis

Aggregation and consumer behaviour: some recent results

The annual exercise of revising excise duties has become part of Budget Day tradition.