NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Peter Levell

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

Working Papers and Chapters

July 2015Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply
with Orazio Attanasio, Hamish Low, Virginia Sánchez-Marcos: w21315
There is a renewed interest in the size of labour supply elasticities and the discrepancy between micro and macro estimates. Recent contributions have stressed the distinction between changes in labour supply at the extensive and the intensive margin. In this paper, we stress the importance of individual heterogeneity and aggregation problems. At the intensive margins, simple specifications that seem to fit the data give rise to non linear expressions that do not aggregate in a simple fashion. At the extensive margin, aggregate changes in participation are likely to depend on the cross sectional distribution of state variables when a shock hits and, therefore, are likely to be history dependent. We tackle these aggregation issues directly by specifying a life cycle model to explain fema...
July 2014A Comparison of Micro and Macro Expenditure Measures across Countries Using Differing Survey Methods
with Garry Barrett, Kevin Milligan
in Improving the Measurement of Consumer Expenditures, Christopher Carroll, Thomas Crossley, and John Sabelhaus, editors
There are ongoing concerns about the reliability of household expenditure surveys in many countries. This chapter presents a comparative assessment of the performance of the household expenditure survey programs in Australia, Canada, the UK and US. We first assess the coverage of aggregate expenditure relative to national account benchmarks. It is found that the fall in response rates over time is predictive of changes in coverage rates within countries. Further, the growing concentration of income has been associated with an increasing concentration of expenditures which has not been captured well by the micro surveys. Turning to coverage rates for specific expenditure components, we find high and stable coverage of regularly purchased items, along with more volatile coverage of irregul...
Using the CE to Model Household Demand
with Laura Blow, Valérie Lechene
in Improving the Measurement of Consumer Expenditures, Christopher Carroll, Thomas Crossley, and John Sabelhaus, editors
Using data from the US Consumer Expenditure Survey (CE) from 1998 to 2010, we estimate a demand system for non durable goods, under different assumptions regarding the behavior of households. Thanks to the unique features of the CE, which records labor supply and information on durables together with income and demand, we are able to look at how assumptions of full intertemporal separability and separability of durables from non durables impact the demand estimation. We test, and reject, the separability assumptions and show how relaxing them affects the magnitude of the estimated income and price elasticities. This exercise illustrates the importance of building on the strengths of the CE as a comprehensive source of quantified information on household behavior if it is to fulfill its goa...
October 2013A Comparison of Micro and Macro Expenditure Measures Across Countries Using Differing Survey Methods
with Garry Barrett, Kevin Milligan: w19544
This paper presents a comparative assessment of the performance of the household expenditure survey programs in Australia, Canada, the UK and US. Cross-country and time series variation in survey methodology and experience is used to assess the role of factors influencing the performance of the household surveys. First, coverage of aggregate expenditure relative to national account is examined. Coverage rates are highest in Canada and the UK. Over the past three decades coverage remained fairly stable in Canada and Australia; in the UK and US coverage rates declined sharply. Survey response rates and top income shares are then considered in tandem with coverage rates. Falls in response rates are found to be predictive of changes in coverage rates. Further, the change in coverage rates o...

Published: A Comparison of Micro and Macro Expenditure Measures across Countries Using Differing Survey Methods, Garry Barrett, Peter Levell, Kevin Milligan. in Improving the Measurement of Consumer Expenditures, Carroll, Crossley, and Sabelhaus. 2015

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers only

 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us