Comparing Micro and Macro Sources for Household Accounts in the United States: Evidence from the Survey of Consumer Finances

Medientyp: E-Book

Titel: Comparing Micro and Macro Sources for Household Accounts in the United States : Evidence from the Survey of Consumer Finances

Beteiligte: Dettling, Lisa J. [VerfasserIn]; Devlin-Foltz, Sebastian [Sonstige Person, Familie und Körperschaft]; Krimmel, Jacob [Sonstige Person, Familie und Körperschaft]; Pack, Sarah [Sonstige Person, Familie und Körperschaft]; Thompson, Jeffrey P. [Sonstige Person, Familie und Körperschaft]

Erschienen: [S.l.]: SSRN, [2015]

Umfang: 1 Online-Ressource (69 p)

Sprache: Englisch

DOI: 10.2139/ssrn.2669590

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Anmerkungen: Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 5, 2015 erstellt

Beschreibung: Household income, spending, and net worth are key inputs in macroeconomic forecasting and economic research. Macro-level data sources are often used to measure household accounts, but lack important information about heterogeneity across different types of households that can be found in micro-level data sources. This paper compares aggregates computed based on one micro-level data source — the Survey of Consumer Finances (SCF) — with macro-level sources of information on household accounts. We find that on most measures, aggregates computed from the SCF line up well with macro-level data sources once we construct comparable series. Our results imply that researchers and policy makers can be confident in making macroeconomic inferences from household-level surveys like the SCF

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