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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
productivity later. We use our model to analyze empirically the historical roles of intangibles tied to R&D, software, and computer …
Persistent link: https://www.econbiz.de/10012480800
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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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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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Measuring “Schmeduling”
Rees-Jones, Alex - 2016
What mental models do individuals use to approximate their tax schedule? Using an incentivized income-tax forecasting task, we estimate the prevalence of the "schmeduling" heuristics for constructing mental representations of nonlinear incentive schemes. We find evidence of widespread adoption...
Persistent link: https://www.econbiz.de/10012455796
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Using Student Test Scores to Measure Principal Performance
Grissom, Jason A. - 2012
Expansion of the use of student test score data to measure teacher performance has fueled recent policy interest in using those data to measure the effects of school administrators as well. However, little research has considered the capacity of student performance data to uncover principal...
Persistent link: https://www.econbiz.de/10012460092
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Heights and Human Welfare : Recent Developments and New Directions
Steckel, Richard H. - 2008
Since 1995 approximately 325 publications on stature have appeared in the social sciences, which is more than a four-fold increase in the rate of production relative to the period 1977-1994. The expansion occurred in several areas, but especially within economics, indicating that heights are now...
Persistent link: https://www.econbiz.de/10012464113
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Lens or Prism? Patent Citations as a Measure of Knowledge Flows from Public Research
Roach, Michael - 2012
. Using survey-based measures of the dimensions of knowledge flows, we identify sources of systematic measurement error … and direction of measurement error bias suggests that measuring knowledge flows with patent citations can lead to …
Persistent link: https://www.econbiz.de/10012460369
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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