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Measuring “Schmeduling”
Rees-Jones, Alex - 2016
What mental models do individuals use to approximate their tax schedule? Using incentivized forecasts of the U.S. Federal income tax schedule, we estimate the prevalence of the “schmeduling” heuristics for constructing mental representations of nonlinear incentive schemes. We find evidence...
Persistent link: https://www.econbiz.de/10012978097
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Expanded GDP for Welfare Measurement in the 21st Century
Hulten, Charles R.; Nakamura, Leonard I. - 2022
this paper, we use this framework to provide a detailed critique of existing GDP and price measurement procedures and …
Persistent link: https://www.econbiz.de/10014102644
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How Much Do Official Price Indexes Tell Us About Inflation?
Handbury, Jessie - 2013
.S. PCE Deflator methodology is superior to the Japanese CPI methodology but still exhibits substantial measurement error and …
Persistent link: https://www.econbiz.de/10013074909
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High-Frequency Substitution and the Measurement of Price Indexes
Feenstra, Robert C.; Shapiro, Matthew D. - 2022
This paper investigates the use of high-frequency scanner data to construct price indexes. In the presence of inventory behavior, purchases and consumption by individuals differ over time. Cost-of-living indexes can still be constructed using data on purchases. For weekly data on canned tuna,...
Persistent link: https://www.econbiz.de/10013322321
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Timing and Quantity of Consumer Purchases and the Consumer Price Index
Griffith, Rachel; Leibtag, Ephraim; Leicester, Andrew; … - 2021
basket of goods. It is well-known that this approach suffers from problems and creates several biases in the measurement of …
Persistent link: https://www.econbiz.de/10013224213
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Hedonic Price Indexes and the Measurement of Capital and Productivity : Some Historical Reflections
Griliches, Zvi - 2021
the measurement of capital services and connects it to the Jorgenson-Griliches (1967) paper on the "explanation of …
Persistent link: https://www.econbiz.de/10013212907
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Innovativity : A Comparison Across Seven European Countries
Mohnen, Pierre; Mairesse, Jacques; Dagenais, Marcel - 2021
This paper proposes a framework to account for innovation similar to the usual accounting framework in production … analysis and a measure of innovativity comparable to that of total factor productivity. This innovation accounting framework is … illustrated using micro-aggregated firm data from the first Community Innovation Surveys (CIS1) for seven European countries …
Persistent link: https://www.econbiz.de/10013218733
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New Goods and Index Numbers : U.S. Import Prices
Feenstra, Robert C. - 2021
Researchers constructing index number frequently face the problem of new (or disappearing) goods, for which the price and quantity are not available in some periods. In theory, the correct way to handle a new good is to treat its price before it appears as equal to the reservation price (i.e.,...
Persistent link: https://www.econbiz.de/10013228026
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Improving the Measurement of Earnings Dynamics
Daly, Moira - 2016
the measurement of earnings dynamics in administrative and survey data alike. Empirically, earnings at the start or end of …
Persistent link: https://www.econbiz.de/10012977281
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Close to You? Bias and Precision in Patent-Based Measures of Technological Proximity
Benner, Mary - 2015
Patent data have been widely used in research on technological innovation to characterize firms' locations as well as …
Persistent link: https://www.econbiz.de/10012750343