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It would be helpful to make more clear how you get the PCEI indices form BEA. The website you posted in your comments helped me only to find monthly PCE of 2016. How you computed the annual PCEI?
What is the formula you use for the "Hand-tuned inflation calibration factors"?
In line 101-114 you have some analysis on top-coded wages.
What is the usage of the top wages?
It is not clear how you get the annual to wage i.e. what you call "topWageYYYY". IPUMS-CPS website you have posted has only period-specific variables, which is not clear which one is the topWageYYYY.
What the "topCodeWageFactor" does and how you compute it?
I suspect that the value of the "unknownWage" is an assumption. Could you elaborate on what this implies and how it affects the analysis?
The text was updated successfully, but these errors were encountered:
It would be helpful to make more clear how you get the PCEI indices form BEA. The website you posted in your comments helped me only to find monthly PCE of 2016. How you computed the annual PCEI?
What is the formula you use for the "Hand-tuned inflation calibration factors"?
The text was updated successfully, but these errors were encountered: