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However, a legitimate concern is that the effects on individual well-being might be overstated by the effects on nominal wages if college towns have lower costs of living than the destination areas of college town leavers.
There is some reason, however, to think that the recent price declines may be overstated by the index.
A study by Shigenori Shiratsuka, an economist at the Bank of Japan, estimates that the inflation rate may be overstated by as much as two percentage points.
The S.E.C. says the fudges caused quarterly profits of the G.E. Transportation Systems business to be overstated by as much as 40percentt.
My feeling is that those concerns are also very likely to be overstated by critics, but I also think the main takeaway from the column ought to be the sheer size of the potential here.
The happy news is that the size of the underground economy means that more Spaniards are working than it might seem, and that the official unemployment figure of 24.4 percent -- the highest in Europe -- may be overstated by as much as five to nine percentage points, economists say.
Similar(41)
China's ability to reform is overstated by Westerners.
Trading profits were found to have been overstated by £326m.
Profits were overstated by $170 million, or nearly 80percentt.
WorldCom says its cash flow was overstated by $3.8 billion.
China's growth figures have always been overstated by one or two percentage points, at least.
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CEO of Professional Science Editing for Scientists @ prosciediting.com