Mark Bils at Rochester has done careful work estimating quality-change bias on manufactured goods, finding the bias is quite significant for that important subset of goods, demonstrating that systematic correction is possible for narrow categories even if hard to generalize.

factualpending

Speaker

Russ Roberts

Evidence Quote

mark Bill's at Rochester who's done ... extremely careful work on manufactured goods showing an actual careful estimate of the bias

Source

Bruce Meyer on the Middle Class, Poverty, and Inequality 10/03/2011EconTalk
Created: 6/15/2026, 9:20:26 AM

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