Robust and reliable measures of consumer expenditures are essential for analyzing aggregate ecomic 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.
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.
The University of Chicago Press
Date of Publication
Economics: Professional & General
National Bureau of Economic Research Studies in Income and Wealth
Place of Publication
Country of Publication
University of Chicago Press
97 line drawings, 117 tables
Christopher D. Carroll, John Sabelhaus, Thomas F. Crossley