This paper explores alternative methods for adjusting price indices for quality change at scale. These methods can be applied to large-scale item-level transactions data that includes information on prices, quantities, and item attributes. The hedonic methods can take into account the changing valuations of both observable and unobservable characteristics in the presence of product turnover. The paper also considers demand-based approaches that take into account changing product quality from product turnover and changing appeal of continuing products. The paper provides evidence of substantial quality-adjustment in prices for a wide range of goods, including both high-tech consumer products and food products.

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Working Paper

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Working Paper Number CES-23-24

We present statistics on the demographics of individuals and households who were beneficiaries of Economic Impact Programs (EIPs) during the COVID-19 pandemic.

Working Paper

Same-Sex Couples and the Child Earnings Penalty

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Working Paper Number CES-23-25

We expand the existing literature on the child penalty in earnings for opposite-sex couples to understand the earnings patterns in same-sex couples.

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Is Air Pollution Regulation Too Lenient? Evidence from US Offset Markets

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Page Last Revised - June 7, 2023

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