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1 results

  • RECONSTRUCTING OFFICIAL STATISTICS: A NEW ESTIMATE OF THE ARGENTINE COST OF LIVING INDEX, 1912-1943

  • Cecilia T. Lanata-Briones
  • Journal:
    Revista de Historia Economica - Journal of Iberian and Latin American Economic History / Volume 41 / Issue 1 / March 2023
    Published online by Cambridge University Press:
    12 September 2022, pp. 39-82
    Print publication:
    March 2023
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  • This paper produces a new estimate of the Argentine cost of living index (COLI) for the period 1912-1943 that amends the oversights of the official series. The lack of an appropriate splice when the shares of the index's components are changed explains the divergence between the official and the Reconstructed COLIs. The 17.3 percentage-point gap for the period 1912-1943 between the official series used by the historiography and the Reconstructed COLI accounts for the oversights of the official estimate. This divergence is also evidenced when generating real wages. Hence, when Juan Domingo Perón arrived at the National Labour Department in 1943, all else being equal, workers of the City of Buenos Aires were worse off economically than the historiography assumes.