Studying Consumption Patterns Using Registry Data: Lessons from Swedish Administrative Data

64 Pages Posted: 30 Oct 2017

See all articles by Jonas Kolsrud

Jonas Kolsrud

Uppsala University

Camille Landais

London School of Economics & Political Science (LSE)

Johannes Spinnewijn

London School of Economics & Political Science (LSE)

Date Written: October 2017

Abstract

This paper measures consumption expenditures using registry data on income and asset holdings in Sweden and illustrates how a registry-based measure can alleviate some critical limitations of traditional survey measures in capturing changes in consumption inequality and consumption responses to shocks. In the construction of our measure, we build on previous work exploiting the identity coming from the household budget constraint between consumption expenditures and income net of savings. We try to improve this measure using more registry information to account for the contribution of both financial and real assets to consumption flows. We demonstrate the power of the registry-based measure to study the relationship between income and consumption inequality, especially at the top of the income distribution. We also exploit the longitudinal dimension to study consumption responses to important life-time events and the different means used to smooth consumption.

Suggested Citation

Kolsrud, Jonas and Landais, Camille and Spinnewijn, Johannes, Studying Consumption Patterns Using Registry Data: Lessons from Swedish Administrative Data (October 2017). CEPR Discussion Paper No. DP12402. Available at SSRN: https://ssrn.com/abstract=3061835

Jonas Kolsrud (Contact Author)

Uppsala University ( email )

Camille Landais

London School of Economics & Political Science (LSE) ( email )

Johannes Spinnewijn

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom
00 44 (0) 20 7955 7022 (Phone)

HOME PAGE: http://econ.lse.ac.uk/staff/spinnewijn_johannes/

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