Household Income, Demand, and Saving: Deriving Macro Data With Micro Data Concepts
调整了NIPA中家庭变量的衡量方式,使其更符合反映家庭预算和实际需求的现金流概念,发现调整后的变量行为与NIPA指标显著不同,且微观调查数据更接近现金流概念。
We develop adjustments to align the NIPA measures of key household variables with cash flow concepts that reflect household budgets and actual demand generated by households. The adjusted variables have substantially different behaviors across time than NIPA measures of household spending and saving. Furthermore, household income aggregated from micro data sets like the CPS , SCF , and PSID differs significantly from NIPA personal income. But the micro survey data likely reflect cash flow concepts rather than NIPA definitions. Indeed the adjusted cash flow measure of income eliminates much of the gap between micro data income variables and NIPA household income.