National Bureau of Economic Research

Conference on Research in Income and Wealth:

Ernst R. Berndt and Charles M. Hulten, Organizers



September 19-20, 2003

Hyatt Regency Bethesda

One Bethesda Metro Center

Bethesda MD  20814


Preliminary Program



Friday September 19, 2003



8:00 a.m.

Continental Breakfast



8:30 a.m.

Welcome and Opening Remarks by


Jacques Mairesse, ENSAE and NBER


Ernst R. Berndt, Massachusetts Institute of Technology and NBER



9:00 a.m.

Session I:  Zvi Griliches and Economic Measurement


CHAIR:  Jacques Mairesse, ENSAE




On the Theory and Political Economy of Data:


An Essay in Memory of Zvi Griliches


Charles R. Hulten, University of Maryland and NBER



9:30 a.m.

Session II:  Output Measurement in the Service Sectors


CHAIR:  Thomas L.  Mesenbourg, Bureau of the Census




Services Productivity in the United States:  Griliches' Services Volume Revisited


Barry Bosworth and Jack E. Triplett, Brookings Institution




The Diffusion of Health Care Technology


Jonathan S. Skinner and Douglas L. Staiger, Dartmouth College and NBER




DISCUSSANT:  Martin Baily, Institute for International Economics



11:00 a.m.




11:15 a.m.

Session III:  Issues in the Measurement of Capital


CHAIR:  Frank Wykoff, Pomona College




Why do Computers Depreciate?


Valerie Ramey, University of California, San Diego and NBER


Matthew Shapiro, University of Michigan and NBER


Michael Geske, University of Michigan




Technology and the Theory of Vintage Aggregation


Michael J. Harper, Bureau of Labor Statistics




Discussant:  Dan Sichel, Federal Reserve Board



12:45 p.m.



SPEAKER, Jack E. Triplett, Brookings Institution


"Zvi Griliches' Contributions to Economic Measurement"



2:00 p.m.

Session IV:  Issues in Data Development:  Consistent Accounting


CHAIR:  J. Steven Landefeld, Bureau of Economic Analysis




Information Technology and the G7 Economies      Tables


Dale W. Jorgenson, Harvard University




A Consistent Accounting of U.S. Productivity Growth


Eric J. Bartelsman, Free University of Amsterdam


J. Joseph Beaulieu, Federal Reserve Board




Discussant:  Barbara Fraumeni, Bureau of Economic Analysis



3:30 p.m.




3:45 p.m.

Session V:  Issues in the Measurement Labor Inputs


CHAIR:  Dan Hamermesh, University of Texas at Austin and NBER




Production Function and Wage Equation Estimation with Heterogeneous Labor: Evidence from a New Matched Employer-Employee Data Set


Judith Hellerstein,  University of Maryland and NBER


David Neumark, Public Policy Institute of California and NBER




Where Does the Time Go?: Concepts and Measurement in the American Time-Use Survey


Harley Frazis, Bureau of Labor Statistics


Jay Stewart, Bureau of Labor Statistics




Discussant:   John Abowd, Cornell University and NBER



5:15 p.m.




6:00 p.m.






Saturday, September 20



8:30 a.m.

Continental Breakfast



9:00 a.m.

Session VI:  New Developments in Price Measurement


CHAIR:  Timothy Bresnahan,  Stanford University and NBER




On Hedonic Quality Adjustments, the Stability of Hedonic Coefficients


and their Implications for CPI Measurement


Saeed Heravi and Mick Silver, Cardiff University




A Century of Housing Shelter Prices: How Big is the CPI Bias?


Robert J. Gordon, Northwestern University and NBER


(joint with Todd vanGoethem)




Price Indexes for Microsoft’s Personal Computer Software Products


Jaison R. Abel, Analysis Group


Ernst R. Berndt, Massachusetts Institute of Technology and NBER


Alan G. White, Analysis Group




Discussant:   David Johnson, Bureau of Labor Statistics



11:00 a.m.




11:15 a.m.

Session VII:  Issues in Data Development:  Measurement Error


CHAIR:  Katherine Abraham, University of Maryland and NBER




Should Exact Index Numbers Have Standard Errors?


 Integrating the Stochastic and Economic Approaches


Robert C. Feenstra, University of California, Davis and NBER


Marshall B. Reinsdorf, Bureau of Economic Analysis




What Really Happened to Consumption Inequality in the U.S.?


Orazio Attanasio, University College London and Institute for Fiscal Studies


Erich Battistin, Institute for Fiscal Studies


Hide Ichimura, University College London and Cemmap




Discussant:  Angus Deaton, Princeton University



12:45 p.m.




2:00 p.m.

Session VIII:  Measurement Problems in the "New Economy"


CHAIR:  Carol Corrado, Federal Reserve Board




The Role of Semiconductor Inputs in IT Hardware Price Decline:


Computers vs. Communications


Ana Aizcorbe, Federal Reserve Board


Kenneth Flamm and Anjum Khurshid, University of Texas at Austin




Pricing at the On-ramp to the Internet:


Price Indices for Integrated Service Providers during the 1990s


Shane Greenstein, Northwestern University and NBER


Greg Stranger, Boston Consulting Group




Computer Networks and U.S. Manufacturing Plant Productivity:


The Impact of Computer Investment and Computer Network Use on Productivity


B. K. Atrostic and San V. Nguyen, U.S. Census Bureau




Discussant: Mark Roberts, Pennsylvania State University and NBER



4:00 p.m.




4:15 p.m.

Session IX:  Panel Discussion on Zvi Griliches Remembered


CHAIR:  Ernst Berndt, M.I.T. and NBER




PANEL: Timothy Bresnahan,  Stanford University and NBER


Robert J. Gordon, Northwestern University and NBER


Dan Hamermesh, University of Texas at Austin and NBER


Judith Hellerstein,  University of Maryland and NBER


Walter Oi, University of Rochester and NBER



5:30 p.m.