NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

SUMMER INSTITUTE 2002

Conference on Research in Income and Wealth

Ernst R. Berndt, Charles R. Hulten and David W. Wilcox, Organizers

Royal Sonesta Hotel

5 Cambridge Parkway

Cambridge, Massachusetts

July 29-31, 2002

PRELIMINARY PROGRAM



MONDAY, JULY 29:



CONVENTIONAL ONE HOUR PRESENTATIONS/DISCUSSIONS



8:30 AM Coffee and Pastries



9:00 AM ERIC BARTELSMAN, Free University of Amsterdam

J. JOSEPH BEAULIEU, Federal Reserve Board

A Consistent Accounting of U.S. Productivity Growth



Discussant: BARBARA FRAUMENI, Bureau of Economic Analysis



10:00 AM Break



10:15 AM MICK SILVER and SAEED HERAVI, University of Cardiff

On the Stability of the Hedonic Coefficients and their Implications for Quality-Adjusted Price Change Measurement

Discussant: ERNST BERNDT, MIT and NBER



11:15 AM Break



11:30 AM ERICH BATTISTIN, Institute for Fiscal Studies, London

Errors in Survey Reports of Consumption Expenditures

Discussant: ARTHUR KENNICKELL, Federal Reserve System



12:30 PM Lunch



SI02 PRPM Program

page two



1:30 PM MARY AHEARN and JET YEE, Department of Agriculture

WALLACE E. HUFFMAN, Iowa State University

R&D, Productivity and Structural Change in U.S. Agriculture,

1960-1996



Discussant: M. ISHAQ NADIRI, New York University and NBER



2:30 PM Break



SHORT 30-MINUTE PRESENTATIONS WITHOUT FORMAL DISCUSSANT (ZVI PRE-CONFERENCE)



2:45 PM MICHAEL GORT, SUNY- Buffalo

SEONG-HOON LEE, US Census Bureau

Survival of the Fittest and Learning by Doing as Sources of Productivity Change and Growth



B. K. ATROSTIC and SAN V. NGUYEN, US Census Bureau

Computer Networks and U.S. Manufacturing Plant Productivity:

New Evidence from the CNUS Data



3:45 PM Break



4:00 PM LINDA WONG, University of Binghamton

General Skills and Wage Inequality



TAKANOBU NAKAJIMA, Keio University

ALICE NAKAMURA, University of Alberta

MASAO NAKAMURA, University of British Columbia

Technical Progress and Returns to Scale in Japanese Manufacturing Industries

Before and After the Burst of the 1990 Financial Bubble



5:00 PM DAMON CLARK, IZA Bonn

Wage Compression and Firm Investment in General Training:

Evidence from Plant-Level Production Functions and Wage Equations



5:30 PM Adjourn



6:00 PM Clambake

Harvard Faculty Club

20 Quincy Street

Cambridge, MA



SI02 PRPM program

page three



TUESDAY, JULY 30:



CONVENTIONAL ONE HOUR PRESENTATIONS/DISCUSSIONS



8:30 AM Coffee and Pastries



8:45 AM ANA AIZCORBE, Federal Reserve Board

Why are Semiconductor Prices Falling So Fast? Industry Estimates and Implications for Productivity Measurement

Discussant: TIMOTHY BRESNAHAN, Stanford University and NBER



9:45 AM MICHAEL J. HARPER, Bureau of Labor Statistics

Technology and the Theory of Vintage Aggregation

Discussant: W. ERWIN DIEWERT, University of British Columbia and NBER



10:45 AM Break



11:00 AM WILLIAM NORDHAUS, Yale University and NBER

The Alchemist Fallacy and the New Economy



Discussant: ROBERT GORDON, Northwestern University and NBER



12:00 N Lunch



1:00 PM MICHAEL GESKE, University of Michigan

VALERIE A. RAMEY, UC, San Diego and NBER

MATTHEW SHAPIRO, University of Michigan and NBER

Why Do Computers Depreciate?



Discussant: CHARLES HULTEN, University of Maryland and NBER



2:00 PM Break



SHORT 30-MINUTE PRESENTATIONS WITHOUT FORMAL DISCUSSANT (ZVI PRE-CONFERENCE)



2:15 PM SHANE GREENSTEIN, Northwestern University and NBER

GREG STRANGER, Northwestern University

Pricing at the ON-ramp to the Internet:

Price Indices for ISPs during the 1990s



SI02 PRPM Program

page four



2:45 PM CHARLES HULTEN, University of Maryland and NBER

Price Hedonics: A Critical Review



3:15 PM Break



3:30 PM WOLFGANG KELLER, University of Texas and NBER

STEPHEN R. YEAPLE, University of Pennsylvania

Technological Leadership and the Followers: A Firm-Level Analysis of the Productivity Effects of FDI and Imports in the U.S.



MEGAN MACGARVIE, UC, Berkeley

Do Firms Learn from International Trade? An Analysis of French Micro Data



JACQUES MAIRESSE, CREST at ENSAE and NBER

LAURE TURNER, EUREQua, University Paris1

Looking at Individual Differences in Scientific Research Productivity:

An Econometric Analysis of the Publications of the French CNRS Physicists in Condensed Matter (1980-1997)



5:00 PM Adjourn



WEDNESDAY, JULY 31:



PANEL DISCUSSIONS ON THE NATIONAL ACADEMY OF SCIENCE REPORT,

"AT WHAT PRICE? CONCEPTUALIZING AND MEASURING COST-OF-LIVING AND PRICE INDEXES"



8:30 AM Coffee and Pastries



8:45 AM Session I: Overview and Implications of Recommendations in the

NAS Report

DENNIS FIXLER, Bureau of Economic Analysis

ROBERT J. GORDON, Northwestern University and NBER

WILLIAM D. NORDHAUS, Yale University and NBER

CHARLES L. SCHULTZE, Brookings Institution

KATHARINE G. ABRAHAM, University of Maryland and NBER



10:15 AM Break



SI02 PRPM program

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10:30 AM Session II: A Closer Look at Selected Issues Addressed by the NAS Report



DAVID M. CUTLER, Harvard University and NBER

W. ERWIN DIEWERT, University of British Columbia and NBER

FRANKLIN M. FISHER, MIT

MATTHEW D. SHAPIRO, University of Michigan and NBER

CHARLES M. HULTEN, University of Maryland and NBER, Chair



12:00 N Lunch



1:00 PM Session III: NAS Recommendations Concerning Hedonic Pricing Methods



ELLEN M. DULBERGER, IBM Corporation

ARIEL PAKES, Harvard University and NBER

RICHARD L. SCHMALENSEE, MIT

JACK E. TRIPLETT, Brookings Institution

ERNST R. BERNDT, MIT and NBER, Chair



2:30 PM Summing Up: Where Do We Go From Here?

JOHN S. GREENLEES, Bureau of Labor Statistics



2:45 PM Break



SHORT 30-MINUTE PRESENTATIONS WITHOUT FORMAL DISCUSSANT (ZVI PRE-CONFERENCE)

3:00 PM MICHAEL KREMER, Harvard University and NBER

TED MIGUEL, UC, Berkeley and NBER

Diffusion of Deworming Drugs Among Schoolchildren in Kenya



FRANK R. LICHTENBERG, Columbia University and NBER

ADRIANA LLERAS-MUNEY, Princeton University and NBER

The Effect of Education on Medical Technology Adoption:

Are the More Educated More Likely to Use New Drugs?



4:00 PM Break



4:15 PM IAIN COCKBURN, Boston University and NBER

JEFFREY FURMAN, Boston University

REBECCA HENDERSON, MIT and NBER

MARGARET KYLE, Carnegie Mellon University

Geographic Centralization and the Productivity of Pharmaceutical Research



MICHAEL R. DARBY and LYNNE ZUCKER, UC, Los Angeles and NBER

Grilichesian Breakthroughs: Inventions of Ways of Inventing in

Nanotechnology and Biotechnology



5:15 PM Adjourn



7/18/02