UCL Discovery
UCL home » Library Services » Electronic resources » UCL Discovery

Imputing consumption in the PSID using food demand estimates from the CEX

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. Green open access

[thumbnail of 2855.pdf]
Preview
PDF
2855.pdf

Download (441kB)

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
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
Downloads since deposit
586Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item