Afterword to Part III

Lawrence H. Officer ()
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Lawrence H. Officer: University of Illinois at Chicago

Chapter Chapter 12 in Essays in Economic History, 2022, pp 205-215 from Springer

Abstract: Abstract New U.S. long-run series of value of the consumer bundle, number of consumer units, average size of the consumer unit, and the consumer price index are presented. There can be a substantial difference between value of the consumer bundle and average household consumption, with the latter overestimating the consumer expenditures of decision-making units. The new series of average hourly compensation generally exhibits higher growth than existing wage series.

Keywords: Terms of trade; Consumer bundle; Consumer unit; Household; Expenditures; Consumer price index; Manufacturing; Compensation; Paul Douglas; Historical Statistics (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95925-8_12

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DOI: 10.1007/978-3-030-95925-8_12

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