Mon, March 20, 2017, noon:
Dean Yang, Taken by Storm
Li, Geng, Robert F. Schoeni, Sheldon H. Danziger, and Kerwin Charles. 2010. "New Expenditure Data in the Panel Study of Income Dynamics: Comparisons with the Consumer Expenditure Survey Data." Monthly Labor Review, 133(2): 29-39.
New data in the Panel Study of Income Dynamics (PSID) align closely with corresponding measures from the Consumer Expenditure Survey (CE), for each broad category in the former; imputed total PSID expenditures are very close to total CE expenditures, and cross-sectional life-cycle estimates of household expenditures are similar across the two surveys, both for total expenditures and for the distinct categories
Country of focus: United States of America.