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

Kozo Ueda, Tsutomu Watanabe & Kota Watanabe
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...
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