Improving The Measurement Of Consumer Expenditures
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Improving The Measurement Of Consumer Expenditures
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Author : Christopher D. Carroll
language : en
Publisher: University of Chicago Press
Release Date : 2015-06-16
Improving The Measurement Of Consumer Expenditures written by Christopher D. Carroll and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-16 with Business & Economics categories.
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 States’s current survey practices compare with those in other nations.
Measuring What We Spend
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2013-03-15
Measuring What We Spend written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-03-15 with Political Science categories.
The Consumer Expenditure (CE) surveys are the only source of information on the complete range of consumers' expenditures and incomes in the United States, as well as the characteristics of those consumers. The CE consists of two separate surveys: (1) a national sample of households interviewed five times at three-month intervals; and (2) a separate national sample of households that complete two consecutive one-week expenditure diaries. For more than 40 years, these surveys, the responsibility of the Bureau of Labor Statistics (BLS), have been the principal source of knowledge about changing patterns of consumer spending in the U.S. population. In February 2009, BLS initiated the Gemini Project, the aim of which is to redesign the CE surveys to improve data quality through a verifiable reduction in measurement error with a particular focus on underreporting. The Gemini Project initiated a series of information-gathering meetings, conference sessions, forums, and workshops to identify appropriate strategies for improving CE data quality. As part of this effort, BLS requested the National Research Council's Committee on National Statistics (CNSTAT) to convene an expert panel to build on the Gemini Project by conducting further investigations and proposing redesign options for the CE surveys. The charge to the Panel on Redesigning the BLS Consumer Expenditure Surveys includes reviewing the output of a Gemini-convened data user needs forum and methods workshop and convening its own household survey producers workshop to obtain further input. In addition, the panel was tasked to commission options from contractors for consideration in recommending possible redesigns. The panel was further asked by BLS to create potential redesigns that would put a greater emphasis on proactive data collection to improve the measurement of consumer expenditures. Measuring What We Spend summarizes the deliberations and activities of the panel, discusses the conclusions about the uses of the CE surveys and why a redesign is needed, as well as recommendations for the future.
Handbook Of Us Consumer Economics
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Author : Andrew Haughwout
language : en
Publisher: Academic Press
Release Date : 2019-08-12
Handbook Of Us Consumer Economics written by Andrew Haughwout and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-12 with Business & Economics categories.
Handbook of U.S. Consumer Economics presents a deep understanding on key, current topics and a primer on the landscape of contemporary research on the U.S. consumer. This volume reveals new insights into household decision-making on consumption and saving, borrowing and investing, portfolio allocation, demand of professional advice, and retirement choices. Nearly 70% of U.S. gross domestic product is devoted to consumption, making an understanding of the consumer a first order issue in macroeconomics. After all, understanding how households played an important role in the boom and bust cycle that led to the financial crisis and recent great recession is a key metric. Introduces household finance by examining consumption and borrowing choices Tackles macro-problems by observing new, original micro-data Looks into the future of consumer spending by using data, not questionnaires
At What Price
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Author : National Research Council
language : en
Publisher: National Academies Press
Release Date : 2002-02-25
At What Price written by National Research Council and has been published by National Academies Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002-02-25 with Political Science categories.
How well does the consumer price index (CPI) reflect the changes that people actually face in living costsâ€"from apples to computers to health care? Given how it is used, is it desirable to construct the CPI as a cost-of-living index (COLI)? With what level of accuracy is it possible to construct a single index that represents changes in the living costs of the nation's diverse population? At What Price? examines the foundations for consumer price indexes, comparing the conceptual and practical strengths, weaknesses, and limitations of traditional "fixed basket" and COLI approaches. The book delves into a range of complex issues, from how to deal with the changing quality of goods and services, including difficult-to-define medical services, to how to weight the expenditure patterns of different consumers. It sorts through the key attributes and underlying assumptions that define each index type in order to answer the question: Should a COLI framework be used in constructing the U.S. CPI? In answering this question, the book makes recommendations as to how the Bureau of Labor Statistics can continue to improve the accuracy and relevance of the CPI. With conclusions that could affect the amount of your next pay raise, At What Price? is important to everyone, and a must-read for policy makers, researchers, and employers.
Advances In Longitudinal Survey Methodology
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Author : Peter Lynn
language : en
Publisher: John Wiley & Sons
Release Date : 2021-03-22
Advances In Longitudinal Survey Methodology written by Peter Lynn and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-03-22 with Mathematics categories.
Advances in Longitudinal Survey Methodology Explore an up-to-date overview of best practices in the implementation of longitudinal surveys from leading experts in the field of survey methodology Advances in Longitudinal Survey Methodology delivers a thorough review of the most current knowledge in the implementation of longitudinal surveys. The book provides a comprehensive overview of the many advances that have been made in the field of longitudinal survey methodology over the past fifteen years, as well as extending the topic coverage of the earlier volume, “Methodology of Longitudinal Surveys”, published in 2009. This new edited volume covers subjects like dependent interviewing, interviewer effects, panel conditioning, rotation group bias, measurement of cognition, and weighting. New chapters discussing the recent shift to mixed-mode data collection and obtaining respondents’ consent to data linkage add to the book’s relevance to students and social scientists seeking to understand modern challenges facing data collectors today. Readers will also benefit from the inclusion of: A thorough introduction to refreshment sampling for longitudinal surveys, including consideration of principles, sampling frame, sample design, questionnaire design, and frequency An exploration of the collection of biomarker data in longitudinal surveys, including detailed measurements of ill health, biological pathways, and genetics in longitudinal studies An examination of innovations in participant engagement and tracking in longitudinal surveys, including current practices and new evidence on internet and social media for participant engagement. An invaluable source for post-graduate students, professors, and researchers in the field of survey methodology, Advances in Longitudinal Survey Methodology will also earn a place in the libraries of anyone who regularly works with or conducts longitudinal surveys and requires a one-stop reference for the latest developments and findings in the field.
100 Years Of U S Consumer Spending
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Author :
language : en
Publisher:
Release Date : 2006
100 Years Of U S Consumer Spending written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Consumption (Economics) categories.
Consumer Expenditures
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Author : Stanley Lebergott
language : en
Publisher:
Release Date : 2014-07
Consumer Expenditures written by Stanley Lebergott and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07 with Consumption (Economics) categories.
Analyzing our interest in individual economic well-being, Lebergott argues that consumer expenditure provides a better guide than the usual data on money income before tax. He also challenges continued reliance on a single consumption function in macro models. In other essays he uses the new data to demonstrate that the supposed "flawed prosperity" of the 1920s was not responsible for the Great Depression; points out the limitations of the usual consumer budget surveys; and contrasts the role of age, nativity, and other factors in creating interstate differences. The new data, which link to the official BEA estimates, will provide raw material to test and extend theories of how the consumer and the economy function.
Measuring What We Spend
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Author :
language : en
Publisher:
Release Date : 2013
Measuring What We Spend written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Consumer behavior categories.
Consumer Expenditures And Income
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Author : United States. Bureau of Labor Statistics
language : en
Publisher:
Release Date : 1964
Consumer Expenditures And Income written by United States. Bureau of Labor Statistics and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1964 with Consumers categories.
Measuring Food Security Using Household Expenditure Surveys
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Author : Lisa C. Smith
language : en
Publisher: Intl Food Policy Res Inst
Release Date : 2007-01-01
Measuring Food Security Using Household Expenditure Surveys written by Lisa C. Smith and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007-01-01 with Social Science categories.