American Economic Review: Vol. 104 No. 5 (May 2014)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

AER - All Issues

AER Forthcoming Articles

Estimates of Annual Consumption Expenditures and Its Major Components in the PSID in Comparison to the CE

Article Citation

Andreski, Patricia, Geng Li, Mehmet Zahid Samancioglu, and Robert Schoeni. 2014. "Estimates of Annual Consumption Expenditures and Its Major Components in the PSID in Comparison to the CE." American Economic Review, 104(5): 132-35.

DOI: 10.1257/aer.104.5.132

Abstract

Comprehensive data on consumption expenditures have historically not been collected in US longitudinal household surveys. The Panel Study of Income Dynamics (PSID) expanded its expenditure data collection in 1999 and 2005. We examine these new expenditure data, highlighting several unique features of the PSID data. We then compare the PSID expenditure data with those in the Consumer Expenditure Survey (CE). We document that the PSID data cover nearly the entire scope of the CE data, and the mean statistics of total expenditures compare favorably between the two surveys. However, significant differences remain for certain expenditure categories.

Article Full-Text Access

Full-text Article

Additional Materials

Online Appendix (131.64 KB) | Download Data Set (415.76 KB) | Author Disclosure Statement(s) (44.66 KB)

Authors

Andreski, Patricia (U MI)
Li, Geng (Federal Reserve Board)
Samancioglu, Mehmet Zahid (U MI)
Schoeni, Robert (U MI)

JEL Classifications

C82: Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access
C83: Survey Methods; Sampling Methods
E21: Macroeconomics: Consumption; Saving; Wealth


American Economic Review


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

AER - All Issues

AER - Forthcoming Articles

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us