Author: Publisher:
ISBN:
Category : Consumers
Languages : en
Pages : 172
Book Description
Report of the Household Expenditure Survey ... and the New Consumer Price Index System
Author: Measuring What We Spend
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309265789
Category : Political Science
Languages : en
Pages : 217
Book Description
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.
Report of the Household Expenditure Survey, 1979-1980 and the New Consumer Price Index System
Author: Report of the Household Expenditure Survey, 1979/80, and the New Consumer Price Index System
Author: Hong Kong. Census and Statistics DepartmentPublisher:
ISBN:
Category : Consumer price indexes
Languages : en
Pages : 336
Book Description
100 Years of U.S. Consumer Spending
Author: Publisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 84
Book Description
Inflation and Household Characteristics
Author: Robert P. HagemannPublisher:
ISBN:
Category : Consumer price indexes
Languages : en
Pages : 96
Book Description
The Consumer Price Index
Author: United States. Bureau of Labor StatisticsPublisher:
ISBN:
Category : Consumer price indexes
Languages : en
Pages : 24
Book Description
The Household Expenditure Survey... and the Consumer Price Index
Author: Hong Kong. Department of commerce and industryPublisher:
ISBN:
Category :
Languages : en
Pages : 157
Book Description
NAEP Reporting Practices
Author: National Research CouncilPublisher: National Academies Press
ISBN: 0309183162
Category : Education
Languages : en
Pages : 153
Book Description
At the request of the Department of Education, the National Research Council formed the Committee on NAEP Reporting Practices to address questions about the desirability, feasibility, and potential impact of implementing these reporting practices. The committee developed study questions designed to address issues surrounding district-level and market-basket reporting.
Modernizing the Consumer Price Index for the 21st Century
Author: National Academies of Sciences, Engineering, and MedicinePublisher:
ISBN: 9780309286985
Category : Business & Economics
Languages : en
Pages : 0
Book Description
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.