ERI Economic Research Institute’s recent white paper, “Cost-of-Living Data and Models: Credible? Defensible? Robust?” by Marillyn Tefft, ERI Relocation Assessor Product Manager, is available for download.
Tefft explores “What matters in a cost-of-living model?” using various examples, complete with actual Relocation Assessor reports.
“It is not uncommon for mobility professionals to struggle with justifying the cost-of-livingadjustments/payments offered to a transferee in a relocation package,” writes Tefft. “Each part of the modeling process should be based on sound economic theory and use widely-accepted estimating techniques.”
