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The superior measure of PSID consumption: An update

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  • Guo, Sheng

Abstract

This paper provides an update to Skinner's (1987) predicted consumption measure for households in the Panel Study of Income Dynamics from 1980 to 2003. More than 80% of the variance in total non-durable consumption is explained by three expenditure components.

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  • Guo, Sheng, 2010. "The superior measure of PSID consumption: An update," Economics Letters, Elsevier, vol. 108(3), pages 253-256, September.
    • Handle: RePEc:eee:ecolet:v:108:y:2010:i:3:p:253-256
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    References listed on IDEAS

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    1. Martin Browning & Thomas F. Crossley & Guglielmo Weber, 2003. "Asking consumption questions in general purpose surveys," Economic Journal, Royal Economic Society, vol. 113(491), pages 540-567, November.
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    6. Fisher Jonathan D & Johnson David S, 2006. "Consumption Mobility in the United States: Evidence from Two Panel Data Sets," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 6(1), pages 1-38, September.
    7. Andreas Waldkirch & Serena Ng & Donald Cox, 2004. "Intergenerational Linkages in Consumption Behavior," Journal of Human Resources, University of Wisconsin Press, vol. 39(2).
    8. Karen E. Dynan, 2000. "Habit Formation in Consumer Preferences: Evidence from Panel Data," American Economic Review, American Economic Association, vol. 90(3), pages 391-406, June.
    9. Kerwin Kofi Charles & Sheldon Danziger & Geng Li & Robert F. Schoeni, 2006. "Studying consumption with the Panel Study of Income Dynamics: comparisons with the Consumer Expenditure Survey and an application to the intergenerational transmission of well-being," Finance and Economics Discussion Series 2007-16, Board of Governors of the Federal Reserve System (U.S.).
    10. 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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    Cited by:

    1. Berg Cui & Yoosoon Chang & Joon Park, 2017. "Evaluating Consumption CAPM under Heterogeneous Preferences," CAEPR Working Papers 2017-013, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.
    2. Olivier Donni & Eleonora Matteazzi, 2018. "Collective decisions, household production, and labor force participation," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(7), pages 1064-1080, November.
    3. Pattison, Nathaniel, 2020. "Consumption smoothing and debtor protections," Journal of Public Economics, Elsevier, vol. 192(C).
    4. Sarada, FNO, 2010. "The Unobserved Returns to Entrepreneurship," University of California at San Diego, Economics Working Paper Series qt04b3p1p0, Department of Economics, UC San Diego.

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