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dc.contributor.authorCooper, Danielen_US
dc.date.accessioned2011-01-10en_US
dc.date.accessioned2012-02-23T08:24:22Z-
dc.date.available2012-02-23T08:24:22Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/55624-
dc.description.abstractOne of the drawbacks of using household surveys to investigate macroeconomic issues has been a lack of a dataset that contains both adequate household expenditure data and comprehensive household wealth and income data. This paper compares alternative methods of imputing household expenditures in the Panel Study of Income Dynamics (PSID) - that of Blundell et al. (2006) and Cooper ( 2009). It also analyzes the additional expenditure questions included in the PSID starting in 1999 and expanded in 2005. The paper finds that the Blundell et al. (2006) method works well for imputing households' nondurable expenditures between 1980 and 2007. The results further show that the imputation method in Cooper (2009) dominates that of Blundell et al. (2006) for generating data on householdsĀ“ total expenditures. The decision of which imputation approach to use or whether to use the actual PSID expenditure data from 1999 to 2007 will depend on the userĀ“s research question(s) and analysis goals.en_US
dc.language.isoengen_US
dc.publisherFederal Reserve Bank of Boston Boston, MAen_US
dc.relation.ispartofseriesWorking paper series // Federal Reserve Bank of Boston 10-12en_US
dc.subject.jelE20en_US
dc.subject.ddc330en_US
dc.titleImputing household spending in the panel study of income dynamics: A comparison of approachesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn642977232en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
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