This page provides access to papers and presentations prepared by BEA staff. Abstracts are presented in HTML format; complete papers are in PDF format with selected tables in XLS format. The views expressed in these papers are solely those of the authors and not necessarily those of the U.S. Bureau of Economic Analysis or the U.S. Department of Commerce.

Private Defined Benefit Pension Plans in the U.S. National Accounts: Accrual Measures for the 2013 Comprehensive Revision

With the comprehensive revision of the U.S. National Income and Product Accounts published in July 2013, the U.S. Bureau of Economic Analysis introduced new accrual-based measures of income generated by defined benefit (DB) pension plans. In addition to the improved measurement, BEA introduced a… Read more

Dylan Rassier
Published
JEL Code(s)None Assigned
P2014-1

Expenditure Weights in the Regional Price Parities

Regional Price Parities (RPPs) are spatial price indexes that measure price level differences across regions, such as states or metropolitan areas (MSAs). RPP expenditure weights, an important component in RPP estimation, are based on Consumer Expenditure (CE) Survey data from the Bureau of… Read more

Eric B. Figueroa, Bettina H. Aten, Troy Martin
Published
JEL Code(s)C43
WP2014-8

The Arts and Cultural Production Satellite Account (ACPSA)

On December 5, 2013, the U.S. Bureau of Economic Analysis (BEA) and the National Endowment for the Arts (NEA) released, for the first time, prototype estimates from the new Arts and Cultural Production Satellite Account (ACPSA). In this satellite account, we used an input-output (I-O) framework… Read more

Paul V. Kern, David B. Wasshausen, Steven L. Zemanek
Published
JEL Code(s)None Assigned
P2014-2

Integrated Industry‐Level Production Account for the United States: Intellectual Property Products and the 2007 NAICS

Ongoing structural change in the U.S. economy due, in part, to globalization, the spread of information and communications technology, and the Great Recession, has reinforced the need for an up‐to‐date decomposition of aggregate GDP to industry‐level sources of growth. This approach, typically… Read more

Steven Rosenthal, Mathew Russell, Jon D. Samuels, Erich H. Strassner, Lisa Usher
Published
JEL Code(s)None Assigned

Offshoring, Sourcing Substitution Bias and the Measurement of US Import Prices, Real GDP and Productivity

The decade ending in 2007 was a period of rapid sourcing substitution for manufactured goods consumed in the US. Imports were substituted for local sourcing, and patterns of supply for imports changed to give a large role to new producers in emerging economies. The change in the price paid by… Read more

Marshall Reinsdorf, Robert Yuskavage
Published
JEL Code(s)None Assigned
WP2014-5

Introduction to Measuring Wealth and Financial Intermediation and their links to the Real Economy

This introductory chapter to the NBER/CRIW conference volume that is forthcoming from the University of Chicago Press contains an overview of the papers that were presented at a meeting of the Conference on Research in Income and Wealth in November 2010 and that are included in the conference… Read more

Charles Hulten, Marshall Reinsdorf
Published
JEL Code(s)None Assigned
WP2014-6

Health Insurance and the Demand for Medical Care: Instrumental Variable Estimates Using Health Insurer Claims Data

This paper takes a different approach to estimating demand for medical care that uses the negotiated prices between insurers and providers as an instrument. The instrument is viewed as a textbook “cost shifting” instrument that impacts plan offerings, but is unobserved by consumers. The paper… Read more

Abe C. Dunn
Published
Last Updated
JEL Code(s)I10
WP2014-3

Defining Disease Episodes and the Effects on the Components of Expenditure Growth

To better understand productivity and inflation in the health sector, health economists have advocated tracking the cost of treatment by disease over time. However, there are several methods for measuring the cost of treatment, and little work has been done to understand how different approaches… Read more

Abe C. Dunn, Eli Liebman, Lindsey Rittmueller, Adam Shapiro
Published
JEL Code(s)I10
WP2014-4

Supplemental Poverty Measure: A Comparison of Geographic Adjustments with Regional Price Parities vs. Median Rents from the American Community Survey

One of the innovations of the Supplemental Poverty Measure is to make adjustments in the official poverty threshold to account for geographic price level differences, particularly for differences in the cost of shelter as measured by rents. A more recent initiative is to estimate thresholds that… Read more

Bettina H. Aten, Eric B. Figueroa, Troy Martin, Trudi J. Renwick
Published
JEL Code(s)C43
WP2014-7

Domestic Trade in Services in Regional Input-Output Models

Lack of statistical data on interregional trade in services often leads regional input-output (I-O) models to rely on assumptions about the degree to which services are imported from other regions. One advantage of using an I-O model is that it provides the flexibility to tailor the basic model… Read more

Charles Ian Mead
Published
JEL Code(s)R12
WP2014-2