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Household Innovation, R&D, and New Measures of Intangible Capital
Sichel, Daniel - 2019
Household R&D (or household innovation) is an important source of innovation that has to date been largely overlooked in research related to national accounts. Indeed, it is not currently counted as investment in the literatures on household production and human capital. This paper develops time...
Persistent link: https://www.econbiz.de/10012479552
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Measuring Intangible Capital with Market Prices
Ewens, Michael - 2019
Existing standards prohibit disclosures of internally created intangible capital to firm balance sheets, resulting in a downward bias of reported assets. To characterize off-balance sheet intangible assets, we use transaction prices to estimate this missing intangible capital. On average, our...
Persistent link: https://www.econbiz.de/10012479910
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The Productivity J-Curve : How Intangibles Complement General Purpose Technologies
Brynjolfsson, Erik - 2018
General purpose technologies (GPTs) such as AI enable and require significant complementary investments, including co-invention of new processes, products, business models and human capital. These complementary investments are often intangible and poorly measured in the national accounts, even...
Persistent link: https://www.econbiz.de/10012480800
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Sweat Equity in U.S. Private Business
Bhandari, Anmol - 2018
In this paper, we first provide evidence that existing measures of business incomes and valuations based on widely-used surveys such as the Survey of Consumer Finances are mismeasured. We then develop a theory disciplined by U.S. national accounts and business census data to measure net incomes...
Persistent link: https://www.econbiz.de/10012453196
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The Measurement of Firm-Specific Organization Capital
Lev, Baruch - 2003
We develop a firm-specific measure of organization capital and estimate it for a sample of approximately 250 companies. We test the validity of the organization capital measure within a widely used investment valuation model and show that our organization capital estimate contributes...
Persistent link: https://www.econbiz.de/10012469118
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Estimating real production and expenditures across nations : a proposal for improving the Penn world tables
Feenstra, Robert C. (contributor) - 2004
"In this paper we propose a new approach to international comparisons of real GDP measured from the output-side. The traditional Geary-Khamis system to measure real GDP from the expenditure-side is modified to include differences in the terms of trade between countries. It is shown that this...
Persistent link: https://www.econbiz.de/10010522867
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Methods for Measuring School Effectiveness
Angrist, Joshua D.; Hull, Peter; Walters, Christopher R. - National Bureau of Economic Research - 2022
Many personal and policy decisions turn on perceptions of school effectiveness, defined here as the causal effect of attendance at a particular school or set of schools on student test scores and other outcomes. Widely-disseminated school ratings frameworks compare average student achievement...
Persistent link: https://www.econbiz.de/10013477275
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Greater Than the Sum of Its Parts : Aggregate vs. Aggregated Inflation Expectations
Dietrich, Alexander M.; Knotek, Edward S.; Myrseth, … - National Bureau of Economic Research - 2023
conventional and aggregated inflation expectations. Our results chart a new course for designing measurement of inflation …
Persistent link: https://www.econbiz.de/10014436953
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Do Two Wrongs Make a Right? Measuring the Effect of Publications on Science Careers
Ginther, Donna K.; Zambrana, Carlos; Oslund, Patricia; … - National Bureau of Economic Research - 2023
demonstrates that publications likely suffer from non-classical measurement error. Using horse race and instrumental variable … models, we confirm that the Gold Standard data are relatively free from measurement error but show that the Clarivate data … suffer from non-classical measurement error. We employ a variety of methods to adjust the Clarivate data for false negatives …
Persistent link: https://www.econbiz.de/10014436975
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Family Trees and Falling Apples : Historical Intergenerational Mobility Estimates for Women and Men
Buckles, Kasey S.; Price, Joseph; Ward, Zachary; … - National Bureau of Economic Research - 2023
Efforts to document long-term trends in socioeconomic mobility in the United States have been hindered by the lack of large, representative datasets that include information linking parents to their adult children. This problem has been especially acute for women, who are more difficult to link...
Persistent link: https://www.econbiz.de/10014437049