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The Baby Boom's Legacy : Relative Wages in the 21st Century
Levine, Phillip B. - 1988
This paper assesses the impact of the post WWII baby boom on relative wages, when this baby boom cohort becomes the …/sex groupings. Using these estimates, we simulate relative wages in the year 2020 assuming the age/sex composition of the workforce … behaves according to projections. The results are used to examine the baby boom's potential impact on wages of older, prime …
Persistent link: https://www.econbiz.de/10012476566
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The Medical Treatment of Depression, 1991-1996 : Productive Inefficiency, Expected Outcome Variations, and Price Indexes
Berndt, Ernst R. - 2000
We examine the price of treating episodes of acute phase major depression over the 1991-1996 time period. We combine data from a large retrospective medical claims data base (MarketScanTM, from the MedStat Group) with clinical literature and expert clinical opinion elicited from a two-state...
Persistent link: https://www.econbiz.de/10012470934
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Price Level Convergence Among United States Cities : Lessons for the European Central Bank
Cecchetti, Stephen G. - 2000
We study the dynamics of price indices for major U.S. cities using panel econometric methods and find that relative price levels among cities mean revert at an exceptionally slow rate. In a panel of 19 cities from 1918 to 1995, we estimate the half-life of convergence to be approximately nine...
Persistent link: https://www.econbiz.de/10012471080
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Using the Retail Distribution of Sellers to Impute Expenditures Shares
Antoniades, Alexis; Feenstra, Robert C.; Xu, Mingzhi - National Bureau of Economic Research - 2021
Many price indices must be constructed without quantity data at the elementary level. We show that for some consumer goods in the United States and other countries, one can approximate expenditure shares using weights derived from the retail distribution of sellers. These weights are based on...
Persistent link: https://www.econbiz.de/10012585386
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The Price of Nails since 1695 : A Window into Economic Change
Sichel, Daniel E. - National Bureau of Economic Research - 2021
This paper focuses on the price of nails since 1695 and the proximate source of changes in those prices. Why nails? They are a basic manufactured product whose form and quality have changed relatively little over the last three centuries, yet the process for producing them has changed...
Persistent link: https://www.econbiz.de/10012794644
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A State Price Index
Fuchs, Victor R. - 1979
No cross-sectional consumer price index is currently available by state, and the BLS's cross-sectional "family budget" index for metropolitan areas is not well-suited for cross-state analyses. In this paper we propose an algorithm for constructing a state-specific Laspeyres price index using...
Persistent link: https://www.econbiz.de/10012478829
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Minding Your Ps and Qs : Going from Micro to Macro in Measuring Prices and Quantities
Ehrlich, Gabriel - 2019
Key macro indicators such as output, productivity, and inflation are based on a complex system across multiple statistical agencies using different samples and different levels of aggregation. The Census Bureau collects nominal sales, the Bureau of Labor Statistics collects prices, and the...
Persistent link: https://www.econbiz.de/10012479421
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Staggered Price Indexation
Uribe, Martín - 2020
Empirical studies using micro data find that about two thirds of all product prices do not change in a given quarter. This evidence has been interpreted as indicating the absence of price indexation. Further, models of staggered price setting without indexation interpret all price changes as...
Persistent link: https://www.econbiz.de/10012481205
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A New Engel on Price Index and Welfare Estimation
Atkin, David - 2020
Measuring changes in welfare, and particularly the price index, is challenging in the absence of well-measured prices covering the entire consumption basket. We propose and implement a new approach to estimate changes in income-group specific price indices and welfare using rich, but widely...
Persistent link: https://www.econbiz.de/10012482070