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Measuring Real Consumption and CPI Bias under Lockdown Conditions

Diewert, W. Erwin - 2020

Millions of goods and services are now unavailable in many countries due to the current coronavirus pandemic, dramatically impacting on the construction of key economic statistics used for informing policy. This situation is unprecedented; hence methods to address it have not previously been...

Persistent link: https://www.econbiz.de/10012481727

Mismeasurement in the Consumer Price Index : An Evaluation

Shapiro, Matthew D. - 1996

living. This paper develops a framework for studying measurement problems in the consumer price index and systematically …A number of analysts have claimed recently that the consumer price index overstates the annual increase in the cost of … show how better to measure medical care prices, the paper presents a prototypical price index for cataract surgery. This …

Persistent link: https://www.econbiz.de/10012473258

Intrahousehold Inequality

Chiappori, Pierre-André - 2014

Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...

Persistent link: https://www.econbiz.de/10012458473

Mismeasurement of the CPI

Ariga, Kenn - 2003

In this paper, we investigate several key problems in Japanese economic statistics. We use CPI mismeasurements and biases as an example to explore the roots of the problems and also to offer guidelines for improvements. We emphasize 3 major shortcomings shared by many official statistics in...

Persistent link: https://www.econbiz.de/10012469267

Hedonic Price Indexes and the Measurement of Capital and Productivity : Some Historical Reflections

Griliches, Zvi - 1988

the measurement of capital services and connects it to the Jorgenson-Griliches (1967) paper on the "explanation of …

Persistent link: https://www.econbiz.de/10012476438

External Treatment Effects and Program Implementation Bias

Philipson, Tomas J. - 2000

This paper discusses the definition and identification of external treatment effects and experimental designs capable of detecting these effects. External effects occur when the outcome of a given individual is affected by the treatment assignments of other individuals. The paper argues that...

Persistent link: https://www.econbiz.de/10012471322

Causal Inference from Hypothetical Evaluations

Bernheim, Bert Douglas; Björkegren, Daniel; Naecker, … - National Bureau of Economic Research - 2021

This paper explores methods for inferring the causal effects of treatments on choices by combining data on real choices with hypothetical evaluations. We propose a class of estimators, identify conditions under which they yield consistent estimates, and derive their asymptotic distributions. The...

Persistent link: https://www.econbiz.de/10012794643

Shift-Share Designs : Theory and Inference

Adão, Rodrigo - 2018

We study inference in shift-share regression designs, such as when a regional outcome is regressed on a weighted average of observed sectoral shocks, using regional sector shares as weights. We conduct a placebo exercise in which we estimate the effect of a shift-share regressor constructed with...

Persistent link: https://www.econbiz.de/10012480598

Errors in Probabilistic Reasoning and Judgment Biases

Benjamin, Daniel J. - 2018

modern behavioral economics. This chapter reviews theory and evidence on this topic, with the goal of facilitating more … processes, biases in belief updating, the representativeness heuristic as a possible unifying theory, and interactions between …

Persistent link: https://www.econbiz.de/10012480852

Welfare Analysis Meets Causal Inference

Finkelstein, Amy - 2020

We describe a framework for empirical welfare analysis that uses the causal estimates of a policy's impact on net government spending. This framework provides guidance for which causal effects are (and are not) needed for empirical welfare analysis of public policies.The key ingredient is the...

Persistent link: https://www.econbiz.de/10012481188

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