Hard-to-Measure Goods and Services: Essays in Honor of Zvi Griliches (National Bureau of Economic Research Studies in Income and Wealth)

Contents......Page 8
Prefatory Note......Page 12
Acknowledgments......Page 14
I. Context and Prologue......Page 16
Introduction......Page 18
1. Theory and Measurement: An Essay in Honor of Zvi Griliches......Page 30
II. Classic Input Measurement Issues Revisited......Page 44
2. Production Function and Wage Equation Estimation with Heterogeneous Labor: Evidence from a New Matched Employer-Employee Data Set......Page 46
3. Where Does the Time Go? Concepts and Measurement in the American Time Use Survey......Page 88
4. Technology and the Theory of Vintage Aggregation......Page 114
5. Why Do Computers Depreciate?......Page 136
III. Quality Adjustment and Price Measurement Issues: Recent Developments......Page 166
6. Downward Bias in the Most Important CPI Component: The Case of Rental Shelter, 1914–2003......Page 168
7. Pricing at the On-Ramp to the Internet: Price Indexes for ISPs during the 1990s......Page 212
8. Different Approaches to Estimating Hedonic Indexes......Page 250
9. Price Indexes for Microsoft’s Personal Computer Software Products......Page 284
10. International Comparisons of R&D Expenditure: Does an R&D PPP Make a Difference?......Page 306
IV. Information Technology and the Acceleration of Productivity Growth......Page 338
11. Information Technology and the G7 Economies......Page 340
12. The Role of Semiconductor Inputs in IT Hardware Price Decline: Computers versus Communications......Page 366
13. Computer Input, Computer Networks, and Productivity......Page 398
V. Measuring and Modeling Productivity, Consumption, and Diffusion......Page 426
14. Services Productivity in the United States: Griliches’s Services Volume Revisited......Page 428
15. A Consistent Accounting of U.S. Productivity Growth......Page 464
16. Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth......Page 498
17. What Really Happened to Consumption Inequality in the United States?......Page 530
18. Technology Adoption from Hybrid Corn to Beta-Blockers......Page 560
VI. EPILOGUE......Page 586
19. Zvi Griliches’s Contributions to Economic Measurement......Page 588
Contributors......Page 606
Author Index......Page 610
Subject Index......Page 616