Evolving Measurement for an Evolving Economy
Thoughts on 21st Century US Economic Statistics
Bibliographic Data
| ID | 4029974 |
|---|---|
| Authors | Ron S Jarmin (0000-0002-4348-7715, Ron S. Jarmin is the Deputy Director and is currently performing the nonexclusive functions and duties of the Director of the US Census Bureau, Washington, DC., corresponding author) |
| Year | 2019 |
| Volume | 33 |
| Issue | 1 |
| Pages | 165-184 |
| Publication date | 2019-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic Perspectives (JOURNAL) |
| Journal identifiers | ISSN: 0895-3309 • E-ISSN: 1944-7965 |
| Publisher | American Economic Association (PUBLISHER • US) |
| DOI | 10.1257/jep.33.1.165 |
| OpenAlex | W2914773059 |
| Language | EN |
| Citations received | 5 |
| References cited | 20 |
The system of federal economic statistics developed in the 20th century has served the country well, but the current methods for collecting and disseminating these data products are unsustainable. These statistics are heavily reliant on sample surveys. Recently, however, response rates for both household and business surveys have declined, increasing costs and threatening quality. Existing statistical measures, many developed decades ago, may also miss important aspects of our rapidly evolving economy; moreover, they may not be sufficiently accurate, timely, or granular to meet the increasingly complex needs of data users. Meanwhile, the rapid proliferation of online data and more powerful computation make privacy and confidentiality protections more challenging. There is broad agreement on the need to transform government statistical agencies from the 20th century survey-centric model to a 21st century model that blends structured survey data with administrative and unstructured alternative digital data sources. In this essay, I describe some work underway that hints at what 21st century official economic measurement will look like and offer some preliminary comments on what is needed to get there
Business · Census · Confidentiality · Data quality · Digital economy · Econometrics · Economic data · Economic impact analysis · Economic statistics · Economics · Economy · Macroeconomics · Official statistics · Political science · Sociology · Statistics · Engineering · Housing Market and Economics · Income, Poverty, and Inequality · Law · Spatial and Panel Data Analysis
Dynamic population mapping using mobile phone data
Multiple Imputation for Nonresponse in Surveys
Where is the land of Opportunity? The Geography of Intergenerational Mobility in the United States
Big Data and the Transformation of Public Policy Analysis
Survey response rate levels and trends in organizational research
Three Eras of Survey Research
Big Data
Privacy and Data-Based Research
How Government Statistics Adjust for Potential Biases from Quality Change and New Goods in an Age of Digital Technologies
The Role of Entrepreneurship in US Job Creation and Economic Dynamism
The Billion Prices Project
Household Surveys in Crisis
| Unique citing works | 5 |
|---|---|
| Citations per year | 0,71 |
| Citation span | 2019 - 2025 (7) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |