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The value of registry data for consumption analysis: An application to health shocks
National Institute of Economic Research, Sweden;Stockholm University, Sweden.
London School of Economics, UK.
London School of Economics, UK.
2020 (English)In: Journal of Public Economics, ISSN 0047-2727, E-ISSN 1879-2316, Vol. 189, article id 104088Article in journal (Refereed) Published
Abstract [en]

This paper measures consumption expenditures using registry data on income and asset holdings in Sweden. We show how a registry-based measure complements traditional survey measures of consumption and can alleviate some critical limitations. We describe the construction of our measure, which builds on prior work and exploits the identity coming from the household budget constraint between consumption expenditures and income net of savings. We demonstrate the value of the registry-based measure to study consumption responses to shocks, also relative to surveyed consumption. In our application to health shocks, we find that Swedish household experience permanent earning drops, but generous social transfers provide substantial consumption smoothing. We document important heterogeneity in consumption responses and the limited role for private means.

Place, publisher, year, edition, pages
Elsevier, 2020. Vol. 189, article id 104088
National Category
Economics
Research subject
Economy, Economics
Identifiers
URN: urn:nbn:se:lnu:diva-132599DOI: 10.1016/j.jpubeco.2019.104088ISI: 000571403900004Scopus ID: 2-s2.0-85076536393OAI: oai:DiVA.org:lnu-132599DiVA, id: diva2:1898424
Funder
EU, European Research Council, 679704EU, European Research Council, 716485Available from: 2024-09-17 Created: 2024-09-17 Last updated: 2024-09-17Bibliographically approved

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Kolsrud, Jonas

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