Chapter 17

Getting smart about phones: new price indexes and the allocation of spending between devices and services plans in Personal Consumption Expenditures

Ana Aizcorbe 1 , David M. Byrne 2 , and Daniel E. Sichel 3       1 Bureau of Economic Analysis, Washington, DC, United States      2 Federal Reserve Board, Washington, DC, United States      3 Wellesley College and NBER, Wellesley, MA, United States

Abstract

This chapter addresses two measurement issues for mobile phones. First, we develop a new mobile phone price index using hedonic quality-adjusted prices for smartphones and a matched-model index for feature phones. Our index falls at an average annual rate of 17% during 2010–18, close to the rate of decline in the price index ...

Get Measuring Economic Growth and Productivity now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Start your free trial