Household Spending
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Improving the Measurement of Consumer Expenditures
Author | : Christopher D. Carroll |
Publisher | : University of Chicago Press |
Total Pages | : 517 |
Release | : 2015-06-16 |
Genre | : Business & Economics |
ISBN | : 022612665X |
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
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 217 |
Release | : 2013-02-15 |
Genre | : Political Science |
ISBN | : 0309265789 |
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.
Household Spending
Author | : Editors of New Strategist Press |
Publisher | : |
Total Pages | : 612 |
Release | : 2014-07-23 |
Genre | : Consumers |
ISBN | : 9781940308401 |
Based on data collected by the Bureau of Labor Statistics' 2012 Consumer Expenditure Survey, this report examines how much American households spend on hundreds of products and services, all organized by demographics. It discusses who is buying what, and how much they spend. Also included in this edition is a comparison of spending trends before and after the Great Recession.
Fiscal Policy after the Financial Crisis
Author | : Alberto Alesina |
Publisher | : University of Chicago Press |
Total Pages | : 596 |
Release | : 2013-06-25 |
Genre | : Business & Economics |
ISBN | : 022601844X |
The recent recession has brought fiscal policy back to the forefront, with economists and policy makers struggling to reach a consensus on highly political issues like tax rates and government spending. At the heart of the debate are fiscal multipliers, whose size and sensitivity determine the power of such policies to influence economic growth. Fiscal Policy after the Financial Crisis focuses on the effects of fiscal stimuli and increased government spending, with contributions that consider the measurement of the multiplier effect and its size. In the face of uncertainty over the sustainability of recent economic policies, further contributions to this volume discuss the merits of alternate means of debt reduction through decreased government spending or increased taxes. A final section examines how the short-term political forces driving fiscal policy might be balanced with aspects of the long-term planning governing monetary policy. A direct intervention in timely debates, Fiscal Policy after the Financial Crisis offers invaluable insights about various responses to the recent financial crisis.
Measuring What We Spend
Author | : National Research Council |
Publisher | : National Academies Press |
Total Pages | : 217 |
Release | : 2013-03-15 |
Genre | : Political Science |
ISBN | : 0309265754 |
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.
Household Spending
Author | : New Strategist Publications, Inc |
Publisher | : |
Total Pages | : 620 |
Release | : 2007 |
Genre | : Business & Economics |
ISBN | : 9781933588292 |
Household Spending
Author | : New Strategist Publications Inc |
Publisher | : |
Total Pages | : 612 |
Release | : 2012 |
Genre | : BUSINESS & ECONOMICS |
ISBN | : 9781940308258 |
Based on data collected by the Bureau of Labor Statistics' 2011 Consumer Expenditure Survey, this report examines how much American households spend on hundreds of products and services, all organized by demographics. It discusses who is buying what, and how much they spend. Also included in this edition is a comparison of spending trends before and after the Great Recession.
The Official Guide to Household Spending
Author | : Hoai Huong Tran |
Publisher | : New Strategist Publications |
Total Pages | : 520 |
Release | : 1995 |
Genre | : Consumers |
ISBN | : 9781885070012 |
Based on data from the Bureau of Labor Statistics' Consumer expenditure survey. This edition contains spending statistics for 1993.