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Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches
edited by Ernst R. Berndt and Charles R. Hulten
University of Chicago Press, 2007
Cloth: 978-0-226-04449-1 | eISBN: 978-0-226-04450-7
Library of Congress Classification HB139.H368 2007
Dewey Decimal Classification 330.01/5195

ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC | REQUEST ACCESSIBLE FILE
ABOUT THIS BOOK

The celebrated economist Zvi Griliches’s entire career can be viewed as an attempt to advance the cause of accuracy in economic measurement. His interest in the causes and consequences of technical progress led to his pathbreaking work on price hedonics, now the principal analytical technique available to account for changes in product quality.

Hard-to-Measure Goods and Services, a collection of papers from an NBER conference held in Griliches’s honor, is a tribute to his many contributions to current economic thought. Here, leading scholars of economic measurement address issues in the areas of productivity, price hedonics, capital measurement, diffusion of new technologies, and output and price measurement in “hard-to-measure” sectors of the economy.  Furthering Griliches’s vital work that changed the way economists think about the U.S. National Income and Product Accounts, this volume is essential for all those interested in the labor market, economic growth, production, and real output.

AUTHOR BIOGRAPHY

Ernst R. Berndt is the Louis B. Seley Professor of Applied Economics at the MIT Sloan School of Management and director of the Program on Technological Progress and Productivity Measurement at the National Bureau of Economic Research.

Charles R. Hulten is professor of economics at the University of Maryland, chairman of the executive committee of the Conference on Research in Income and Wealth, and a research associate of the NBER.

TABLE OF CONTENTS
         Prefatory Note
         Acknowledgements

    I. CONTEXT AND PROLOGUE

         Introduction
         Ernst R. Berndt and Charles R. Hulten

         1. Theory and Measurement: An Essay in Honor of Zvi Griliches
         Charles R. Hulten

    II. CLASSIC INPUT MEASUREMENT ISSUES REVISITED

         2. Production Function and Wage Equation Estimation with Heterogeneous Labor: Evidence from a New Matched Employer-Employee Data Set
         Judith K. Hellerstein and David Neumark

         3. Where Does the Time Go? Concepts and Measurement in the American Time Use Survey
         Harley Frazis and Jay Stewart

         4. Technology and the Theory of Vintage Aggregation
         Michael J. Harper

         5. Why Do Computers Depreciate?
         Michael J. Geske, Valerie A. Ramey, and Matthew D. Shapiro

    III. QUALITY ADJUSTMENT AND PRICE MEASUREMENT ISSUES: RECENT DEVELOPMENTS

         6. Downward Bias in the Most Important CPI Component: The Case of Rental Shelter, 1914-2003
         Robert J. Gordon and Todd vanGoethem

         7. Pricing at the On-Ramp to the Internet: Price Indexes for ISPs during the 1990s
         Greg Stranger and Shane Greenstein

         8. Different Approaches to Estimating Hedonic Indexes
         Saeed Heravi and Mick Silver

         9. Price Indexes for Microsoft's Personal Computer Software Products
         Jaison R. Abel, Ernst R. Berndt, and Alan G. White

         10. International Comparisons of R&D Expenditure: Does an R&D PPP Make a Difference?
         Sean M. Dougherty, Robert Inklaar, Robert H. McGuckin, and Bart van Ark

    IV. INFORMATION TECHNOLOGY AND THE ACCELERATION OF PRODUCTIVITY GROWTH

         11. Information Technology and the G7 Economies
         Dale W. Jorgensen

         12. The Role of Semiconductor Inputs in IT Hardware Price Decline: Computers versus Communications
         Ana Aizcorbe, Kenneth Flamm, and Anjum Khurshid

         13. Computer Input, Computer Networks, and Productivity
         B. K. Atrostic and Sang Nguyen

    V. MEASURING AND MODELING PRODUCTIVITY, CONSUMPTION, AND DIFFUSION

         14. Services Productivity in the United States: Griliches's Services Volume Revisited
         Barry P. Bosworth and Jack E. Triplett

         15. A Consistent Accounting of U.S. Productivity Growth
         Eric J. Bartlesman and J. Joseph Beaulieu

         16. Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth
         Robert C. Feenstra and Marchall B. Reinsdorf

         17. What Really Happened to Consumption Inequality in the United States?
         Orazio Attanasio, Erich Battistin, and Hidehiko Ichimura

         18. Technology Adoption from Hybrid Corn to Beta-Blockers
         Jonathan Skinner and Douglas Staiger

    VI. EPILOGUE

         19. Zvi Griliches's Contributions to Economic Measurement
         Jack E. Triplett

         Contributors
         Author Index
         Subject Index
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