Download Measuring What We Spend: Toward a New Consumer Expenditure by National Research Council, Division of Behavioral and Social PDF

By National Research Council, Division of Behavioral and Social Sciences and Education, Committee on National Statistics, Panel on Redesigning the BLS Consumer Expenditure Surveys, Carol C. House, Don A. Dillman

The shopper Expenditure (CE) surveys are the one resource of knowledge at the whole diversity of shoppers' costs and earning within the usa, in addition to the features of these shoppers. The CE comprises separate surveys: (1) a countrywide pattern of families interviewed 5 occasions at three-month periods; and (2) a separate nationwide pattern of families that whole consecutive one-week expenditure diaries. For greater than forty years, those surveys, the accountability of the Bureau of work data (BLS), were the significant resource of data approximately altering styles of client spending within the U.S. inhabitants.

In February 2009, BLS initiated the Gemini undertaking, the purpose of that is to revamp the CE surveys to enhance info caliber via a verifiable relief in size blunders with a specific concentrate on underreporting. The Gemini venture initiated a chain of information-gathering conferences, convention classes, boards, and workshops to spot applicable concepts for bettering CE info caliber. As a part of this attempt, BLS asked the nationwide study Council's Committee on nationwide facts (CNSTAT) to convene knowledgeable panel to construct at the Gemini venture by way of accomplishing additional investigations and featuring redecorate techniques for the CE surveys.

The cost to the Panel on remodeling the BLS buyer Expenditure Surveys contains reviewing the output of a Gemini-convened facts person wishes discussion board and strategies workshop and convening its personal family survey manufacturers workshop to acquire additional enter. moreover, the panel was once tasked to fee concepts from contractors for attention in recommending attainable redesigns. The panel was once extra requested through BLS to create power redesigns that may placed a better emphasis on proactive facts assortment to enhance the size of shopper expenses. Measuring What We Spend summarizes the deliberations and actions of the panel, discusses the conclusions in regards to the makes use of of the CE surveys and why a redecorate is required, in addition to strategies for the long run.

Show description

Read or Download Measuring What We Spend: Toward a New Consumer Expenditure Survey PDF

Best economic policy & development books

The Plot Against Social Security: How the Bush Plan Is Endangering Our Financial Future

Relentless and ominous, the drumbeat echoes around the land: Social defense is at the verge of financial ruin. The caution has been repeated so usually that it has develop into a depressing article of religion for the thousands of american citizens who pay Social safety taxes and anticipate to assemble advantages sometime. however it is flatly unfaithful.

Extra resources for Measuring What We Spend: Toward a New Consumer Expenditure Survey

Sample text

Students living in university-sponsored housing are also included in the sample as separate consumer units. (Bureau of Labor Statistics, 2008, p. 2) 37 Copyright © National Academy of Sciences. All rights reserved. Measuring What We Spend: Toward a New Consumer Expenditure Survey 38 MEASURING WHAT WE SPEND This report refers to this sampled unit or consumer unit as a household. The two surveys are sampled and conducted independently. Expenditure estimates are made independently from the two surveys for various purchased items (goods and services).

Marriage and Cohabitation Make a Difference Households headed by single mothers, and how their income and consumption changed as a group between 1993 and 2003, were studied by Meyer and Sullivan (2008) using the CE data. The authors reported that income fell sharply (16%) in the first couple of years and then began to rise (17%) over the rest of the decade. For consumption, the authors found a modest (7% to 12%) rise throughout the decade. Hawk (2011) used the CE data to understand differences in consumption spending between single people and married couples in their twenties.

Based on the workshops and its deliberations, the panel will produce a consensus report at the conclusion of a 24-month study with findings and recommendations for BLS to consider in determining the characteristics of the redesigned CE (National Research Council, 2011b). Copyright © National Academy of Sciences. All rights reserved. ” A full statement of this communication to the panel is presented in Appendix B. Historically, the primary use of the CE data has been for the BLS’ CPI, a Principal Federal Economic Indicator of the United States.

Download PDF sample

Rated 4.40 of 5 – based on 21 votes