empirical research on consumption primarily relied on aggregate data such as

empirical research on consumption primarily relied on aggregate data such as the National Income and Product Accounts (NIPA) tables. experiences income wealth health status and family structure. However historically only housing and food-related expenditure data were collected in the PSID. In light of the growing interest in household consumption behaviors the PSID expanded its questions… Continue reading empirical research on consumption primarily relied on aggregate data such as