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Quality-Adjusted Unit Value Index: Are Changes in Average Prices Inflation or Quality Change?

By John Haltiwanger, R. Benjamin Rodriguez, Ron Jarmin, and Matthew D. Shapiro

AEA Papers and Proceedings, May 2026

The growing availability of digitized item-level transaction data has led to widespread use of the average selling price, called the unit value index (UVI) by researchers, to track price change. Though commonly used by retailers and market analysts as ind...

International Comparison of Physician Incomes

By Aidan Buehler, Joshua D. Gottlieb, Jeffrey Hicks, Lisa Laun, Mårten Palme, Maria Polyakova, Victoria Udalova, and Maria Ventura

AEA Papers and Proceedings, May 2026

We compare physician incomes using tax data from the United States, Canada, Sweden, and the Netherlands. Physicians are concentrated in the top percentiles of the income distribution in all four countries, especially in the United States and certain speci...