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Distributional National Accounts : Methods and Estimates for the United States

Piketty, Thomas - 2017

This paper combines tax, survey, and national accounts data to estimate the distribution of national income in the United States since 1913. Our distributional national accounts capture 100% of national income, allowing us to compute growth rates for each quantile of the income distribution...

Persistent link: https://www.econbiz.de/10012966935

Gallman'S Annual Output Series for the United States, 1834-1909

Rhode, Paul W. - 2021

This paper presents Robert Gallman's classic, but heretofore unpublished annual series for US national product over the 1834-59 and 1869-1909 periods. The 'Volume 30' series, reported as decadal averages, underlie much of what we know about American income growth and capital formation before...

Persistent link: https://www.econbiz.de/10013239344

Lights, Camera,... Income! : Estimating Poverty Using National Accounts, Survey Means, and Lights

Pinkovskiy, Maxim - 2014

In this paper we try to understand whether national accounts GDP per capita or survey mean income or consumption better proxy for true income per capita. We propose a data-driven method to assess the relative quality of GDP per capita versus survey means by comparing the evolution of each series...

Persistent link: https://www.econbiz.de/10013060266

News or Noise? an Analysis of Gnp Revisions

Mankiw, Nicholas Gregory; Shapiro, Matthew D. - 2021

This paper studies the nature of the errors in preliminary GNP data,It first documents that these errors are large. For example, suppose theprelimimary estimate indicates that real GNP did not change over therecent quarter; then one can be only 80 percent confident that the finalestimate (annual...

Persistent link: https://www.econbiz.de/10013232457

The Accumulation of Human and Nonhuman Capital, Revisited

Fraumeni, Barbara - 2015

In the 25 years since Jorgenson and Fraumeni (1989) published their first article on human capital, the U.S. National Income and Product Accounts (NIPA) and the SNA have changed significantly. The contribution of this paper is two-fold: Creation of a contemporary set of accounts which integrate...

Persistent link: https://www.econbiz.de/10013020212

Understanding Ppps and Ppp-Based National Accounts

Deaton, Angus - 2010

PPP-based national accounts have become an important part of the database for macroeconomists, development economists, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World Development Indicators; a substantial fraction of the world...

Persistent link: https://www.econbiz.de/10012758136

Off to a Good Start : The NBER and the Measurement of National Income

Rockoff, Hugh - 2021

The creation of the National Bureau of Economic Research was a response to the bitter controversies over the distribution of income that roiled the United States during the Progressive Era. Thanks to Malcolm Rorty, a business economist, and Nahum I. Stone, an independent socialist economist, a...

Persistent link: https://www.econbiz.de/10013310156

Aggregation Issues in Integrating and Accelerating Bea'S Accounts : Improved Methods for Calculating GDP by Industry

Moyer, Brian; Reinsdorf, Marshall B.; Yuskavage, Robert - 2021

Aggregate measures of real GDP growth obtained from the GDP by Industry Accounts often differ from the featured measure of real GDP growth obtained from the National Income and Product Accounts (NIPAs). We find that differences in source data account for most of the difference in aggregate real...

Persistent link: https://www.econbiz.de/10013210537

Impacts of Alternative Emissions Allowance Allocation Methods Under a Federal Cap-and-Trade Program

Goulder, Lawrence H. - 2009

close attention to profit impacts.We find that the effects on profits depend critically on the method of allowance … allocation. Freely allocating fewer than 15 percent of the emissions allowances generally suffices to prevent profit losses among … profit. Freely allocating 100 percent of the allowances substantially overcompensates these industries, in many cases causing …

Persistent link: https://www.econbiz.de/10013156685

Expanded GDP for Welfare Measurement in the 21st Century

Hulten, Charles R.; Nakamura, Leonard Isamu - 2022

The information revolution currently underway has changed the economy in ways that are hard to measure using conventional GDP procedures. The information available to consumers has increased dramatically as a result of the Internet and its applications, and new mobile communication devices have...

Persistent link: https://www.econbiz.de/10014102644