The Superior Measure of PSID Consumption: An Update

10 Pages Posted: 29 Sep 2010

See all articles by Sheng Guo

Sheng Guo

Florida International University

Date Written: May 10, 2010


This paper provides an update of Skinner (1987) predicted consumption measure for households in the Panel Study of Income Dynamics from 1980 to 2003. More than 80 percent of the variance in total non-durable consumption is explained by three expenditure components.

Keywords: Consumption, Expenditure, PSID, CEX, Household Behavior

JEL Classification: D10, D12, C23, E21

Suggested Citation

Guo, Sheng, The Superior Measure of PSID Consumption: An Update (May 10, 2010). Economics Letters, Vol. 108, No. 3, 2010, Available at SSRN:

Sheng Guo (Contact Author)

Florida International University ( email )

FIU Economics, DM 318A
11200 SW 8th Street
Miami, FL 33199
United States

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