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Book Measuring What We Spend

Download or read book Measuring What We Spend written by National Research Council and published by National Academies Press. This book was released on 2013-02-15 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Book Report of the Household Expenditure Survey  1979 80  and the New Consumer Price Index System

Download or read book Report of the Household Expenditure Survey 1979 80 and the New Consumer Price Index System written by Hong Kong. Census and Statistics Department and published by . This book was released on 1981 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Inflation and Household Characteristics

Download or read book Inflation and Household Characteristics written by Robert P. Hagemann and published by . This book was released on 1980 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book 100 Years of U S  Consumer Spending

Download or read book 100 Years of U S Consumer Spending written by and published by . This book was released on 2006 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Consumer Price Index

Download or read book The Consumer Price Index written by United States. Bureau of Labor Statistics and published by . This book was released on 1977 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Household Expenditure Survey    and the Consumer Price Index

Download or read book The Household Expenditure Survey and the Consumer Price Index written by Hong Kong. Department of commerce and industry and published by . This book was released on 1965 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Revising the Consumer Price Index

Download or read book Revising the Consumer Price Index written by United States. Bureau of Labor Statistics and published by . This book was released on 1976 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Modernizing the Consumer Price Index for the 21st Century

Download or read book Modernizing the Consumer Price Index for the 21st Century written by National Academies of Sciences, Engineering, and Medicine and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Consumer Price Index (CPI), produced by the Bureau of Labor Statistics (BLS), is the most widely used measure of inflation in the U.S. It is used to determine cost-of-living allowances and, among many other important private- and public-sector applications, influences monetary policy. The CPI has traditionally relied on field-generated data, such as prices observed in person at grocery stores or retailers. However, as these data have become more challenging and expensive to collect in a way that reflects an increasingly dynamic marketplace, statistical agencies and researchers have begun turning to opportunities created by the vast digital sources of consumer price data that have emerged. The enormous economic disruption of the COVID-19 pandemic, including major shifts in consumers' shopping patterns, presents a perfect case study for the need to rapidly employ new data sources for the CPI. Modernizing the Consumer Price Index presents guidance to BLS as the agency embarks on a strategy of accelerating and enhancing the use of scanner, web-scraped, and digital data directly from retailers in compiling the CPI. The report also recommends strategies for BLS to more accurately estimate the composition of households' expenditures - or market basket shares - by updating this information more frequently and using innovative survey techniques and alternative data sources where possible. The report provides targeted guidance for integrating new data sources to improve the CPI's estimation of changes in the prices of housing and medical care, two consumer expenditure categories that are traditionally difficult to measure. Because of the urgency of issues related to income and wealth inequality, the report also recommends that BLS identify data sources that would allow it to estimate price indexes defined by income quintile or decile.

Book The Household Expenditure Survey  1963 64 and the Consumer Price Index

Download or read book The Household Expenditure Survey 1963 64 and the Consumer Price Index written by Hong Kong. Department of Commerce and Industry. Statistics Branch and published by . This book was released on 1965 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Report on a three stage survey (preliminary, pilot study and main survey), based on interviews of family cost of living and standard of living in hong kong. Pt.3 contains a consumer price index calculated on the results of the survey. Statistical tables.

Book Price Index Concepts and Measurement

Download or read book Price Index Concepts and Measurement written by W. Erwin Diewert and published by University of Chicago Press. This book was released on 2010-02-15 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although inflation is much feared for its negative effects on the economy, how to measure it is a matter of considerable debate that has important implications for interest rates, monetary supply, and investment and spending decisions. Underlying many of these issues is the concept of the Cost-of-Living Index (COLI) and its controversial role as the methodological foundation for the Consumer Price Index (CPI). Price Index Concepts and Measurements brings together leading experts to address the many questions involved in conceptualizing and measuring inflation. They evaluate the accuracy of COLI, a Cost-of-Goods Index, and a variety of other methodological frameworks as the bases for consumer price construction.

Book The Household Expenditure Survey  1963 64 and the Consumer Price Index

Download or read book The Household Expenditure Survey 1963 64 and the Consumer Price Index written by Commerce and Industry Department and published by . This book was released on 1965 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Improving the Measurement of Consumer Expenditures

Download or read book Improving the Measurement of Consumer Expenditures written by Christopher D. Carroll and published by University of Chicago Press. This book was released on 2015-06-16 with total page 517 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Book Report on the Household Expenditure Survey

Download or read book Report on the Household Expenditure Survey written by Singapore. Department of Statistics and published by . This book was released on 1977 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Consumer Expenditures and Income

Download or read book Consumer Expenditures and Income written by United States. Bureau of Labor Statistics and published by . This book was released on 1965 with total page 620 pages. Available in PDF, EPUB and Kindle. Book excerpt: