Adjust Monetary Values for IPUMS CPS

We love to extend useful functionality across multiple IPUMS data collections, so we were delighted to extend the the Adjust Monetary Values (AMV) feature, which adjusts dollar values for inflation and was first developed for IPUMS USA, to IPUMS CPS. The initial release of the AMV feature in IPUMS CPS in 2023 provided adjustment for a limited number of variables. Late last year, we extended the feature to cover variables from the ASEC as well. This blog post provides a quick introduction to the AMV tool and step-by-step guidance for using the tool in IPUMS CPS.

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