NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by William Passero

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Working Papers and Chapters

July 2014Understanding the Relationship: CE Survey and PCE
with Thesia I. Garner, Clinton McCully
in Improving the Measurement of Consumer Expenditures, Christopher Carroll, Thomas Crossley, and John Sabelhaus, editors
There are two federal data series that refer to U.S. household expenditures. One uses the Consumer Expenditure Survey (CE), and the other personal consumption expenditures (PCE). Weights for the Consumer Price Index (CPI) are based on CE data, but some suggest that PCE be used instead. Researchers have tried to reconcile differences in scope and definitions in the CE and PCE. We review these differences along with aggregate estimates resulting from accounting for them. However, to compare trends in CE and PCE over time, a concordance of comparable items in both surveys is desirable. Independent exercises by federal agencies have created three different concordances. Here we discuss one such concordance and highlight similarities and differences in the CE and PCE along with trends in ratios...

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

 
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