Housing and cost of living: Application to the Spanish regions |
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| Authors: | Rubén Garrido-Yserte Elena Mañas-Alcón Maria Teresa Gallo-Rivera |
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| Affiliation: | 1. PhD, Transport Research Centre (TRANSyT), Universidad Politecnica de Madrid, Calle Profesor Aranguren s/n, 28040 Madrid, Spain;2. Professor, Transport Research Centre (TRANSyT), Universidad Politecnica de Madrid, Calle Profesor Aranguren s/n, 28040 Madrid, Spain;1. Department of Agricultural, Food, and Resource Economics, Rutgers University, 55 Dudley Road, New Brunswick, NJ 08901, USA;2. Municipal Land Use Center, The College of New Jersey, McCauley House, PO. Box 7718, Ewing, NJ 08628-0718, USA;3. Department of Human Ecology, Rutgers University, 55 Dudley Road, New Brunswick, NJ 08901, USA;1. Office on Smoking and Health, CDC, Atlanta, Georgia;2. Epidemic Intelligence Service, CDC, Atlanta, Georgia;3. Department of Economics, University of Illinois at Chicago, Chicago, Illinois;1. Tohoku University, Aoba 06, Aoba-ku, Sendai 980-8579, Japan;2. Oriental Consultants Co., Ltd., Honmachi 3-12-1, Shibuya-ku, Tokyo 151-0071, Japan;3. Kobe University, Rokko-dai 1-1, Nada-ku, Kobe 657-8501, Japan;1. Institute of Population Research/WHO Collaborating Center, Peking University, Beijing, China;2. Department of Reproductive Health and Research. World Health Organization. Geneva, Switzerland |
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| Abstract: | Spain is a home-owner economy, and housing is a key good for determining the cost of living. However, its treatment in indices such as the Spanish Consumer Price Index (CPI) makes it impossible to measure the real impact of housing on the cost of living. This issue is especially relevant at the regional level, where the differences in the housing markets are very substantial. This paper demonstrates the importance of taking account of owner occupied housing in a measure of the cost of living for Spain. |
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