Big Data for 21st Century Economic Statistics

Katharine G. Abraham, Ron S. Jarmin, Brian Moyer, and Matthew D. Shapiro

Conference held March 15-16, 2019
Forthcoming from University of Chicago Press
in NBER Book Series Studies in Income and Wealth

The following chapters are preliminary drafts unless otherwise noted. They have not yet been subjected to the formal review process of the NBER. This page will be updated as individual chapters are revised.

Table of Contents

Introduction: Katharine G. Abraham, Ron S. Jarmin, Brian Moyer, Matthew D. Shapiro (bibliographic info) (download)
1. Re-Engineering Key National Economic Indicators: Gabriel Ehrlich, John Haltiwanger, Ron Jarmin, David Johnson, Matthew D. Shapiro (bibliographic info) (download) version of July 29, 2020 (Working Paper version)
2. Big Data in the U.S. Consumer Price Index: Experiences and Plans: Crystal G. Konny, Brendan K. Williams, David M. Friedman (bibliographic info) (download) version of August 12, 2019
3. Investigating Alternative Data Sources to Reduce Respondent Burden in United States Census Bureau Retail Economic Data Products: Rebecca J. Hutchinson (bibliographic info) (download) version of August 12, 2019
4. From Transactions Data to Economic Statistics: Constructing Real-Time, High-Frequency, Geographic Measures of Consumer Spending: Aditya Aladangady, Shifrah Aron-Dine, Wendy Dunn, Laura Feiveson, Paul Lengermann, Claudia Sahm (bibliographic info) (download) version of July 9, 2019 (Working Paper version)
5. Improving the Accuracy of Economic Measurement with Multiple Data Sources: The Case of Payroll Employment Data: Tomaz Cajner, Leland D. Crane, Ryan A. Decker, Adrian Hamins-Puertolas, Christopher Kurz (bibliographic info) (download) version of July 9, 2019 (Working Paper version)
6. Transforming Naturally Occurring Text Data into Economic Statistics: The Case of Online Job Vacancy Postings: Arthur Turrell, Bradley J. Speigner, Jyldyz Djumalieva, David Copple, James Thurgood (bibliographic info) (download) version of July 9, 2019 (Working Paper version)
7. Automating Response Evaluation for Franchising Questions on the 2017 Economic Census: Joseph Staudt, Yifang Wei, Lisa Singh, Shawn Klimek, J. Bradford Jensen, Andrew Baer (bibliographic info) (download) version of August 13, 2019 (Working Paper version)
8. Using Public Data to Generate Industrial Classification Codes: John Cuffe, Sudip Bhattacharjee, Ugochukwu Etudo, Justin C. Smith, Nevada Basdeo, Nathaniel Burbank, Shawn R. Roberts (bibliographic info) (download) version of August 20, 2019
9. Nowcasting the Local Economy: Using Yelp Data to Measure Economic Activity: Edward L. Glaeser, Hyunjin Kim, Michael Luca (bibliographic info) (download) version of July 9, 2019 (Working Paper version)
10. Unit Values for Import and Export Price Indexes: A Proof of Concept: Don A. Fast, Susan E. Fleck (bibliographic info) (download) version of August 15, 2019
11. Quantifying Productivity Growth in the Delivery of Important Episodes of Care Within the Medicare Program Using Insurance Claims and Administrative Data: John A. Romley, Abe Dunn, Dana Goldman, Neeraj Sood (bibliographic info) (download) version of January 23, 2020
12. Valuing Housing Services in the Era of Big Data: A User Cost Approach Leveraging Zillow Microdata: Marina Gindelsky, Jeremy G. Moulton, Scott A. Wentland (bibliographic info) (download) version of August 3, 2020
13. Off to the Races: A Comparison of Machine Learning and Alternative Data for Predicting Economic Indicators: Jeffrey C. Chen, Abe Dunn, Kyle Hood, Alexander Driessen, Andrea Batch (bibliographic info) (download) version of July 9, 2019
14. A Machine Learning Analysis of Seasonal and Cyclical Sales in Weekly Scanner Data: Rishab Guha, Serena Ng (bibliographic info) (download) version of August 12, 2019 (Working Paper version)
15. Estimating the Benefits of New Products: W. Erwin Diewert, Robert C. Feenstra (bibliographic info) (download) version of August 12, 2019 (Working Paper version)
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