Improving the Measurement of Consumer Expenditures.

• Position: Bureau Books

Improving the Measurement of Consumer Expenditures Edited by Christopher D. Carroll, Thomas F. Crossley, and John Sabelhaus Studies in Income and Wealth, volume 74 $130.00

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 spending, 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...