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Imputing consumption from Norwegian income and wealth registry data

Author

Listed:
  • Fagereng, Andreas

    (Statistics Norway)

  • Halvorsen, Elin

    (Statistics Norway)

Abstract

This paper proposes a method for computing a unique longitudinal consumption measure for the total population of Norwegian households from administrative records, covering a period of almost 20 years. Administrative data has the advantage of full population coverage, avoiding problems with attrition or underrepresentation of high-income households. This is particularly useful for improving the measurement of heterogeneity in consumption behavior, and for measuring consumption distribution and inequality. Furthermore, longitudinal micro data with full population coverage provides unique opportunities to explore the underlying developments in aggregate consumption measures over time.

Suggested Citation

  • Fagereng, Andreas & Halvorsen, Elin, 2017. "Imputing consumption from Norwegian income and wealth registry data," Journal of Economic and Social Measurement, IOS Press, issue 1, pages 67-100.
  • Handle: RePEc:ris:iosjes:0067
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Kolsrud, Jonas & Landais, Camille & Spinnewijn, Johannes, 2017. "Studying Consumption Patterns using Registry Data: Lessons From Swedish Administrative Data," CEPR Discussion Papers 12402, C.E.P.R. Discussion Papers.
    2. Andreas Fagereng & Martin B. Holm & Gisle J. Natvik, 2016. "MPC heterogeneity and household balance sheets," Discussion Papers 852, Statistics Norway, Research Department.
    3. Andreas Fagereng & Luigi Guiso & Luigi Pistaferri, 2017. "Firm-Related Risk and Precautionary Saving Response," American Economic Review, American Economic Association, vol. 107(5), pages 393-397, May.
    4. Sandra E. Black & Paul J. Devereux & Petter Lundborg & Kaveh Majlesi, 2015. "Poor Little Rich Kids? The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors," NBER Working Papers 21409, National Bureau of Economic Research, Inc.
    5. Serdar Ozkan & Kjetil Storesletten & Hans Holter & Elin Halvorsen, 2017. "The Distributions of Income and Consumption Risk: Evidence from Norwegian Registry Data," 2017 Meeting Papers 1404, Society for Economic Dynamics.
    6. Sandra E. Black & Paul J. Devereux & Petter Lundborg & Kaveh Majlesi, 2019. "Understanding Intergenerational Mobility: The Role of Nature versus Nurture in Wealth and Other Economic Outcomes and Behaviors," Working Papers 201904, School of Economics, University College Dublin.

    More about this item

    Keywords

    Consumption measurement; savings; household finance JEL codes: D12; D14; D31; E21; G11;

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values

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