{
"comment00": "This JSON file contains information on growth factors:",
"comment01": "Factors are used to extrapolate read-in records data to",
"comment02": " future years. These are multiplicative growth factors,",
"comment03": " not proportional or percentage changes. So, for example,",
"comment04": " if a variable increases by three percent in a year, the",
"comment05": " value of the factor is 1.03 for that year. A factor is",
"comment06": " applied to its respective records variable as follows:",
"comment07": " VAR(t) = VAR(t-1) * FACTOR(t)",
"comment08": " where t denotes the year.",
"comment11": "The required PRICES and WAGES factors are used to",
"comment12": " project indexed policy parameters to future years.",
"comment13": " When used to index policy parameters, the factors are",
"comment14": " used with a lag as shown in this equation:",
"comment15": " PARAM(t) = PARAM(t-1) * FACTOR(t-1)",
"comment16": " where t denotes the year.",
"comment21": "Each factor has two attributes:",
"comment23": "- desc : factor description used in documentation.",
"comment24": "- apply_to : a list of records variables that are",
"comment25": " extrapolated using the factor.",
"comment90": "NOTE: comments can appear only at the top logical level",
"comment91": " of the JSON file, which means no comments are allowed",
"comment92": " inside the braces for each growth factor.",
"PRICES": {
"desc": "Growth factor for overall price level that is used to adjust inflation-indexed policy parameters",
"apply_to": []
},
"WAGES": {
"desc": "Growth factor for earnings that is used to extrapolate earnings and all other monetary variables",
"apply_to": ["empinc", "divinc", "othinc", "dedinted", "dedmedex"]
},
"WEIGHTS": {
"desc": "Growth factor for sampling weights",
"apply_to": ["weight"]
}
}