Improving the Measurement of Consumer Expenditures (Volume 74) (National Bureau of Economic Research Studies in Income and Wealth)

ISBN 10: 022612665X / ISBN 13: 9780226126654

Published by University of Chicago Press, 2015

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Bibliographic Details

• Title: Improving the Measurement of Consumer Expenditures (Volume 74) (National Bureau of Economic Research Studies in Income and Wealth)
• Publisher: University of Chicago Press
• Publication Date: 2015
• Language: English
• ISBN 10: 022612665X
• ISBN 13: 9780226126654
• Binding: Hardcover
• Condition: Good
• Book Type: book

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Synopsis

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, making this an appropriate time to examine 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 current US survey practices compare with those in other nations.

About the Author

Christopher D. Carroll is professor of economics at Johns Hopkins University and the chief economist of the Consumer Financial Protection Bureau. He is a former research associate of the NBER. Thomas F. Crossley is professor in the Department of Economics at the University of Essex. John Sabelhaus is an economist and chief of the Microeconomic Surveys Section at the Federal Reserve Board in Washington, DC.