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The Measurement of Household Consumption Expenditures

Listed author(s):
  • Martin Browning

    (Department of Economics, University of Oxford, Oxford OX1 3UQ, United Kingdom)

  • Thomas F. Crossley

    ()

    (Department of Economics, University of Essex, Colchester CO4 3SQ, United Kingdom
    Institute for Fiscal Studies, London WC1E 7AE, United Kingdom)

  • Joachim Winter

    (Department of Economics, University of Munich, Munich 80539, Germany)

Household-level data on consumer expenditures underpin a wide range of empirical research in modern economics, spanning micro- and macroeconomics. This research includes work on consumption and saving, on poverty and inequality, and on risk sharing and insurance. We review different ways in which such data can be collected or captured: traditional detailed budget surveys, less onerous survey procedures that might be included in more general surveys, and administrative or process data. We discuss the advantages and difficulties of each approach and suggest directions for future investigation.

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File URL: http://www.annualreviews.org/doi/abs/10.1146/annurev-economics-080213-041247
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Article provided by Annual Reviews in its journal Annual Review of Economics.

Volume (Year): 6 (2014)
Issue (Month): 1 (08)
Pages: 475-501

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Handle: RePEc:anr:reveco:v:6:y:2014:p:475-501
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  1. Charles F. Manski & Elie Tamer, 2002. "Inference on Regressions with Interval Data on a Regressor or Outcome," Econometrica, Econometric Society, vol. 70(2), pages 519-546, March.
  2. Laurens Cherchye & Bram De Rock & Frederic Vermeulen, 2012. "Married with Children: A Collective Labor Supply Model with Detailed Time Use and Intrahousehold Expenditure Information," American Economic Review, American Economic Association, vol. 102(7), pages 3377-3405, December.
  3. Orazio P. Attanasio & Guglielmo Weber, 1993. "Consumption Growth, the Interest Rate and Aggregation," Review of Economic Studies, Oxford University Press, vol. 60(3), pages 631-649.
  4. Ralph Koijen & Stijn Van Nieuwerburgh & Roine Vestman, 2014. "Judging the Quality of Survey Data by Comparison with "Truth" as Measured by Administrative Records: Evidence From Sweden," NBER Chapters,in: Improving the Measurement of Consumer Expenditures, pages 308-346 National Bureau of Economic Research, Inc.
  5. Garry Barrett & Peter Levell & Kevin Milligan, 2014. "A Comparison of Micro and Macro Expenditure Measures across Countries Using Differing Survey Methods," NBER Chapters,in: Improving the Measurement of Consumer Expenditures, pages 263-286 National Bureau of Economic Research, Inc.
  6. Jens Bonke & Martin Browning, 2009. "The Allocation of Expenditures within the Household: A New Survey," Fiscal Studies, Institute for Fiscal Studies, vol. 30(Special I), pages 461-481, December.
  7. Melvin Stephens, 2001. "The Long-Run Consumption Effects Of Earnings Shocks," The Review of Economics and Statistics, MIT Press, vol. 83(1), pages 28-36, February.
  8. Attanasio, Orazio P & Weber, Guglielmo, 1994. "The UK Consumption Boom of the Late 1980s: Aggregate Implications of Microeconomic Evidence," Economic Journal, Royal Economic Society, vol. 104(427), pages 1269-1302, November.
  9. Skinner, Jonathan, 1987. "A superior measure of consumption from the panel study of income dynamics," Economics Letters, Elsevier, vol. 23(2), pages 213-216.
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