Blundell, R;
Pistaferri, L;
Preston, I;
(2004)
Imputing consumption in the PSID using food demand estimates from the CEX.
(IFS Working Papers
W04/27
).
The Institute for Fiscal Studies, UCL (University College London), The Institute for Fiscal Studies: London, UK.
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Abstract
In this paper we discuss an empirical strategy that allows researchers to impute consumptiondata from the CEX to the PSID. The strategy consists of inverting a demand for food equationestimated in the CEX. We discuss the conditions under which such procedure is successful inreplicating the trends of the first two moments of the consumption distribution. We argue thattwo factors appear to be empirically relevant: accounting for differences in the distribution offood expenditures in the two data sets, and accounting for the presence of measurement error inconsumption data in the CEX. In this paper we discuss an empirical strategy that allows researchers to impute consumptiondata from the CEX to the PSID. The strategy consists of inverting a demand for food equationestimated in the CEX. We discuss the conditions under which such procedure is successful inreplicating the trends of the first two moments of the consumption distribution. We argue thattwo factors appear to be empirically relevant: accounting for differences in the distribution offood expenditures in the two data sets, and accounting for the presence of measurement error inconsumption data in the CEX.
Type: | Report |
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Title: | Imputing consumption in the PSID using food demand estimates from the CEX |
Open access status: | An open access version is available from UCL Discovery |
Additional information: | Imported via OAI, 7:29:01 21st Mar 2007 |
UCL classification: | UCL UCL > Provost and Vice Provost Offices > UCL SLASH UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of S&HS > Dept of Economics |
URI: | https://discovery.ucl.ac.uk/id/eprint/2855 |
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