TY  - JOUR
AU  - Fraumeni,Barbara M.
AU  - Reinsdorf,Marshall B.
AU  - Robinson,Brooks B.
AU  - Williams,Matthew P.
TI  - Price and Real Output Measures for the Education Function of Government: Exploratory Estimates for Primary & Secondary Education
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 14099
PY  - 2008
Y2  - June 2008
UR  - http://www.nber.org/papers/w14099
L1  - http://www.nber.org/papers/w14099.pdf
N1  - Author contact info:
Barbara M. Fraumeni
Muskie School of Public Service
University of Southern Maine
P.O. Box 9300
Portland, ME  04104-9300
Tel: 207/228-8245
Fax: 207/780-5646
E-Mail: bfraumeni@usm.maine.edu

Marshall Reinsdorf
Bureau of Economic Analysis
US Department of Commerce
1441 L Street, NW, Mail Stop BE-40
Washington, DC 20230
Tel: 202/606-9665
Fax: 202/606-5313
E-Mail: marshall.reinsdorf@bea.gov

Brooks Robinson
U.S. PACOM
HQ, USPACOM J5
Box 64015
Camp H. M Smith, HI  96861-4015
E-Mail: brooks.robinson@pacom.mil

Matthew P. Williams
105 E. 100th St.
New York, NY 10029
E-Mail: mpw2109@columbia.edu
M3  - presented at "CRIW and SSHRC: Price Index Concepts & Measurement", June 28-29, 2004
AB  - In a previous paper, the authors took the first step in their research on measuring the education function of government by estimating real output measures (Fraumeni, et. al. 2004). In this paper, chain-type Fisher quantity indexes for those output measures are calculated to be more consistent with Bureau of Economic Analysis (BEA) methodology and the real output measures presented in the previous paper are refined. In addition, and more importantly, implicit price deflators are presented to give a more complete picture. Alternative price and real output measures are compared; it is clear that methodology choice matters. Price change is always greater than quantity change for the periods given; however, price changes are overstated to the extent quality changes are not captured in the quantity indexes. Quality-adjustments continue to be the most challenging aspect of decomposing nominal expenditures for government-provided education into price and quantity components.
ER  -