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The measurement of household consumption expenditures

Listed author(s):
  • Martin Browning

    ()

    (Institute for Fiscal Studies and University of Oxford)

  • Thomas Crossley

    ()

    (Institute for Fiscal Studies and Institute for Fiscal Studies, University of Essex)

  • Joachim Winter

    ()

    (Institute for Fiscal Studies and Ludwig-Maximilians-Universität München)

Household-level data on consumer expenditures underpins 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.ifs.org.uk/wps/wp201407.pdf
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Paper provided by Institute for Fiscal Studies in its series IFS Working Papers with number W14/07.

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Date of creation: 10 Apr 2014
Handle: RePEc:ifs:ifsewp:14/07
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  1. Laurens Cherchye & Bram De Rock & Frederic Vermeulen, 2012. "Married with Children: A Collective Labor Supply Model with Detailed Time Use and Intrahousehold Expenditure Information," ULB Institutional Repository 2013/131705, ULB -- Universite Libre de Bruxelles.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. Skinner, Jonathan, 1987. "A superior measure of consumption from the panel study of income dynamics," Economics Letters, Elsevier, vol. 23(2), pages 213-216.
  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. 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.
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