Improving the Measurement of Consumer Expenditures

Improving the Measurement of Consumer Expenditures

4.11 - 1251 ratings - Source

Robust and reliable measures of consumer expenditures are essential for analyzing aggregate economic activity and for measuring differences in household circumstances. Many countries, including the United States, are embarking on ambitious projects to redesign surveys of consumer expenditures, with the goal of better capturing economic heterogeneity. This is an appropriate time to examine the way consumer expenditures are currently measured, and the challenges and opportunities that alternative approaches might present. Improving the Measurement of Consumer Expenditures begins with a comprehensive review of current methodologies for collecting consumer expenditure data. Subsequent chapters highlight the range of different objectives that expenditure surveys may satisfy, compare the data available from consumer expenditure surveys with that available from other sources, and describe how the United Statesa€™s current survey practices compare with those in other nations.table 7.3, we compare reported car and truck ownership in the interview survey to administrative data on motor ... by comparing the reported values to published values in National Automobile Dealers Association (NADA) bluebook guides.

Title:Improving the Measurement of Consumer Expenditures
Author:Christopher D. Carroll, Thomas F. Crossley, John Sabelhaus
Publisher:University of Chicago Press - 2015-06-16


You Must CONTINUE and create a free account to access unlimited downloads & streaming