Estimating the CHIP Value

How Valuable is One Hour of Human Work?

CHIP Central is dedicated to quantifying the value of a CHIP — an independent measure anchored to human productivity, transcending national currencies and borders.

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Current Estimated CHIP Value
$---
in US Dollars · inflation-adjusted from 2019 base
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Publications

Research papers and algorithms for estimating the CHIP value

ICT Capital study

A Look at ICT Capital

Follow-up study evaluating the robustness of the original CHIP value computation with ICT capital data.

Feb 2024
 CHIP Value chart

CHIP Value Today

Extrapolating the CHIP valuation over time using US Dollar inflation rates.

Apr 2023
 White paper

CHIPs Valuation Theory White Paper

A conceptual framework using panel data from 89 countries over 1992–2019.

Jan 2023

What's a CHIP?

Credit Hour In Pool — a currency indexed to human productivity

A CHIP is an independent measure of value based on a single hour of standardized basic human labor. It is designed to be independent of the volatility associated with traditional world currencies.

The formal CHIP definition can be found in The MyCHIPs Papers. The CHIP is the basis for MyCHIPs, a new kind of digital currency that holds a more consistent value, is more efficient for consumers, and is resistant to corruption and manipulation.

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Interested in CHIP Research?

We welcome economists and researchers interested in contributing to CHIP valuation methodology. Funding may be available for bona fide research participants.

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Frequently Asked Questions

What is a CHIP?

A CHIP (Credit Hour In Pool) is a proposed unit for measuring value, indexed to one hour of unskilled human labor in a balanced global market. It is designed to be independent of the volatility of traditional currencies.

How is the CHIP value calculated?

Using econometric models (Cobb-Douglas production functions) applied to panel data from dozens of countries, estimating the marginal product of unskilled labor and adjusting for market distortions. The base estimate of $2.53 (2019 dollars) is then adjusted for inflation to produce a current value.

How can I get involved in CHIP research?

We welcome researchers interested in contributing to CHIP valuation methodology. Contact us to discuss collaboration opportunities. Funding may be available for bona fide research participants.

Where is the source code?

All research code, data pipelines, and supporting documents are open source and available at github.com/gotchoices/chip.