Improving the Measurement of Consumer Expenditures
Improving the Measurement of Consumer Expenditures
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Abstract
Many countries including the U.S. are now embarking on multiyear projects to redesign their surveys of household expenditures. This volume presents work by many of the world’s leading experts on consumption measurement meant to illuminate the challenges and opportunities that lie ahead. The aim of the volume, in broadest terms, is to provide a knowledge base for use of agencies and researchers as they design new systems for measurement of household expenditures. To that end, the volume includes a comprehensive set of chapters describing the current status and use of the U.S. Consumer Expenditure (CE) survey, with a focus on documenting the key deficiencies that the redesign process is meant to address; a number of chapters describing new modes of data collection (including the use of scanner data, internet panels, and administrative data from government and private sources); chapters outlining the importance of various objectives that such surveys might satisfy, ranging from estimation of price and income elasticities to studying the differential evolution of income and consumption inequality; chapters describing comparisons of the data available from other existing sources to those obtainable from an expenditure survey; comparisons of alternative approaches and results in different countries; and much more. The chapters in this volume were written around the same time that the National Academy of Science released its report on the Bureau of Labor Statistics proposed redesign for the US CE survey, and the two approaches provide complementary perspectives on the pros and cons of various proposed redesign strategies.
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Front Matter
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Introduction
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I What Do We Already Know about Collecting Household Expenditure Data?
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II Goals for the Expenditure Survey Redesign
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2
Constructing a PCE-Weighted Consumer Price Index
Caitlin Blair
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3
The Benefits of Panel Data in Consumer Expenditure Surveys
Jonathan A. Parker and others
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4
The Evolution of Income, Consumption, and Leisure Inequality in the United States, 1980–2010
Orazio Attanasio and others
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5
Using the CE to Model Household Demand
Laura Blow and others
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2
Constructing a PCE-Weighted Consumer Price Index
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III Evaluating the Existing CE Survey
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6
Understanding the Relationship: CE Survey and PCE
William Passero and others
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7
The Validity of Consumption Data: Are the Consumer Expenditure Interview and Diary Surveys Informative?
Adam Bee and others
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8
Is the Consumer Expenditure Survey Representative by Income?
John Sabelhaus and others
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9
A Comparison of Micro and Macro Expenditure Measures across Countries Using Differing Survey Methods
Garry Barrett and others
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6
Understanding the Relationship: CE Survey and PCE
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IV Alternative Approaches to Data Collection
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10
Measuring the Accuracy of Survey Responses Using Administrative Register Data: Evidence from Denmark
Claus Thustrup Kreiner and others
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11
Judging the Quality of Survey Data by Comparison with “Truth” as Measured by Administrative Records: Evidence from Sweden
Ralph Koijen and others
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12
Exploring a Balance Edit Approach in the Consumer Expenditure Quarterly Interview Survey
Scott Fricker and others
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13
Measuring Total Household Spending in a Monthly Internet Survey: Evidence from the American Life Panel
Michael D. Hurd andSusann Rohwedder
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14
Wealth Dynamics and Active Saving at Older Ages
Michael D. Hurd andSusann Rohwedder
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15
Measuring Household Spending and Payment Habits: The Role of “Typical” and “Specific” Time Frames in Survey Questions
Marco Angrisani and others
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16
The Potential Use of In-Home Scanner Technology for Budget Surveys
Andrew Leicester
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10
Measuring the Accuracy of Survey Responses Using Administrative Register Data: Evidence from Denmark
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End Matter
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