Getting Smart About Phones: New Price Indexes and the Allocation of Spending Between Devices and Services Plans in Personal Consumption Expenditures

Ana Aizcorbe, David M. Byrne, Daniel E. Sichel

NBER Working Paper No. 25645
Issued in March 2019

---- Acknowledgments ----

We thank Sarah Brown for excellent research assistance and Jeannine Aversa, Craig Brown, Kyle Brown, Carol Corrado, Nicole Nestoriak, and Erick Sager for helpful comments. The views expressed in this paper are those of the authors alone and do not necessarily represent those of organizations with which they are affiliated. Sichel is grateful to the Bureau of Economic Analysis (BEA) and the National Telecommunications and Information Administration for grant support of $76,800 during 2016 to 2017 for research on price measurement. Sichel currently is working with BEA as a consultant and serves on the agency's External Advisory Committee. This paper is set to be included in the volume Measuring Economic Growth and Productivity, edited by Barbara Fraumeni, Carol Corrado, Mun Ho, Hak Pyo, and Bart van Ark, forthcoming Fall 2019. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research or other organizations with which they are affiliated.

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