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Excited to share our new working paper: how much did the US standard of living really rise over the twentieth century — and when? With @bhwittenbrink Using 5.1 million Sears catalog listings, we build a quality-adjusted price index for consumer goods, 1900–1990. Two headline findings: growth was much larger than official statistics imply, and its peak came before WWII, not after. (1/9)

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