This work raises questions about what obsolescence is and whether it is properly accounted for in BEA's methodology

This paper is part of a series that provides the details behind the Bureau of Economic Analysis's (BEA) satellite account on research and development (R&D) activity. In the current work, the focus is on the theoretical underpinnings and empirical implementation of the R&D price index used to...

A new study by BEA finds that the quarterly estimates of state personal income were reliable indicators in the period 1991-2001. That is, they were generally successful in indicating whether a state’s economy was expanding or contracting, whether a state’s economy was accelerating or...

This paper describes and illustrates a generalized least squares (GLS) reconciliation method that can efficiently incorporate all available information on initial data in reconciling a large system of disaggregated accounts and can accurately estimate industry distribution of statistical...

This paper proposes a more complete presentation of pension transactions in state personal income data tables by adapting the System of National Accounts’ (SNA) pension framework for use in the State Personal Income Accounts. It proposes a definition of retirement income and presents some...

The Bureau of Economic Analysis (BEA), under contract with the Internal Revenue Service (IRS) Office of Research, undertook an update of BEA’s state-level wage reconciliation for 2000 between BEA wages and salaries and IRS wages and salaries in Adjusted Gross Income. The initial reconciliation...