Consumer Expenditures and Savings in High Income Households

2018 ◽  
Vol 27 (2) ◽  
pp. 107-125
Author(s):  
Finnie B. Cook ◽  
John Oryema ◽  
Cynthia Stephens
Keyword(s):  
High Income ◽  
Consumer Expenditure ◽  
Academic Literature ◽  
Consumer Expenditure Survey ◽  
Lack Of Information ◽  
Consumer Expenditures ◽  
Labor Statistics ◽  
Wrongful Death ◽  
Bureau Of Labor Statistics

Abstract A review of the existing academic literature as well as available government publications reveals a lack of information regarding expenditure behavior of high income households. In this paper, we combine multiple years of Consumer Expenditure Survey Public Use Microdata provided by the Bureau of Labor Statistics (BLS) and compute average expenditures and standard errors. We apply the same methodology used by the BLS to estimate the average expenditures by household income and household size for households with income of $70,000 and higher. The resultant tables provide details on consumption and saving patterns for higher income groups that are unavailable in the tables published by the BLS. Our tables can be utilized by forensic economists in practice for the determination of consumption and savings values in wrongful death matters in high income households.

scholarly journals Consumer Expenditure Survey Methods Symposium and Microdata Users’ Workshop, July 21–24, 2020

2021 ◽  
Author(s):  
Geoffrey Paulin ◽  
Parvati Krishnamurty
Keyword(s):  
Survey Methods ◽  
Consumer Expenditure ◽  
Private Industry ◽  
Program Staff ◽  
Consumer Expenditure Survey ◽  
Annual Survey ◽  
Labor Statistics ◽  
Income Data ◽  
Bureau Of Labor Statistics ◽  
First Time

The Consumer Expenditure Surveys (CE) program collects expenditure, demographic, and income data from families and households. The CE program held its annual Survey Methods Symposium and Microdata Users’ Workshop from July 21 to 24, 2020, to address CE-related topics in survey methods research, to provide free training in the structure and uses of the CE microdata, and to explore possibilities for collaboration. Economists from the CE program, staff from other U.S. Bureau of Labor Statistics offices, and research experts in a variety of fields—including academia, government, and private industry—gathered virtually to explore better ways to collect CE data and to learn how to use the microdata once they are produced. The experience was unique for presenters and attendees alike in that this was the first time either event was held online, in whole or in part.

A framework for the evaluation and use of alternative data in the Consumer Expenditure Surveys

1915 ◽  
Author(s):  
Laura Erhard ◽  
Brett McBride ◽  
Adam safir
Keyword(s):  
Strategic Plan ◽  
Consumer Expenditure ◽  
Quality Of Data ◽  
Additional Information ◽  
Complementary Role ◽  
Labor Statistics ◽  
Weighting Procedures ◽  
Bureau Of Labor Statistics ◽  
The U.S

As part of the implementation of its strategic plan, the U.S. Bureau of Labor Statistics (BLS) has increasingly studied the issue of using alternative data to improve both the quality of its data and the process by which those data are collected. The plan includes the goal of integrating alternative data into BLS programs. This article describes the framework used by the BLS Consumer Expenditure Surveys (CE) program and the potential these data hold for complementing data collected in traditional formats. It also addresses some of the challenges BLS faces when using alternative data and the complementary role that alternative data play in improving the quality of data currently collected. Alternative data can substitute for what is presently being collected from respondents and provide additional information to supplement the variables the CE program produces or to adjust the CE program’s processing and weighting procedures.

Selected Results from the 1972–73 Diary Surveys

1977 ◽  
Vol 14 (3) ◽  
pp. 344-352 ◽  
Author(s):  
T. C. Walsh
Keyword(s):  
Response Rates ◽  
Record Keeping ◽  
Consumer Expenditures ◽  
Labor Statistics ◽  
Cash Incentive ◽  
Methodological Aspects ◽  
Bureau Of Labor Statistics ◽  
The U.S

The author addresses two methodological aspects of the Diary Survey conducted as part of the 1972–73 Consumer Expenditures Program by the U.S. Bureau of the Census for the U.S. Bureau of Labor Statistics. The Diary Survey was a record-keeping survey in which sample households were asked to record all their expenditures for a 14-day period. The survey was conducted over a two-year period from July 1972 to June 1974. Part I of the article describes the actions taken during the course of the survey to improve response rates, which were considerably below expectations during the initial weeks of the survey. Part II describes and presents results of an experiment undertaken to determine the effects on response rates of offering a modest cash incentive to sample households for maintaining a record of their expenses for two weeks.

Personal Consumption and Single Persons

2011 ◽  
Vol 22 (2) ◽  
pp. 143-163 ◽  
Author(s):  
Kurt V. Krueger
Keyword(s):  
Economic Loss ◽  
Economic Thought ◽  
Economic Losses ◽  
Consumer Expenditure ◽  
Consumer Expenditure Survey ◽  
Single Person ◽  
Personal Consumption ◽  
Males And Females ◽  
Wage Earners ◽  
Wrongful Death

Abstract After examining the competing perspectives regarding single person consumption, this paper makes an effort to improve the quantification of economic losses in cases involving the wrongful death of single persons. I show a new disaggregation of the Consumer Expenditure Survey microdata source which is then used to calculate various economic loss measures warranted by legal jurisdiction and economic thought. Traditional personal consumption methodology computes economic losses as the decedent's earnings multiplied by one minus a personal consumption rate. This paper adds a new method of computing economic losses as the decedent's earnings multiplied by the percent of survivors' or estate's benefit from those earnings. Significant differences result between the methods and in the personal consumption amounts between males and females and wage-earners and non-wage earners of retirement age. It was also discovered that some single-person maintenance consumption results may be applicable to married persons.

[Food Prices and the Bureau of Labor Statistics]: Rejoinder

1960 ◽  
Vol 33 (3) ◽  
pp. 285
Author(s):  
William H. Kruskal ◽  
Lester G. Telser
Keyword(s):  
Food Prices ◽  
Labor Statistics ◽  
Bureau Of Labor Statistics
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