The value of registry data for consumption analysis: an application to health shocks

Kolsrud, Jonas, Landais, Camille ORCID: 0000-0002-9534-680X and Spinnewijn, Johannes ORCID: 0000-0002-7963-5847 (2019) The value of registry data for consumption analysis: an application to health shocks. Journal of Public Economics. ISSN 0047-2727

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Abstract

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.

Item Type:	Article
Official URL:	https://www.journals.elsevier.com/journal-of-publi...
Additional Information:	© 2019 Elsevier B.V.
Divisions:	Economics
Subjects:	R Medicine > RA Public aspects of medicine > RA0421 Public health. Hygiene. Preventive Medicine H Social Sciences > HB Economic Theory H Social Sciences > HC Economic History and Conditions
Date Deposited:	04 Nov 2019 16:42
Last Modified:	22 Nov 2024 19:06
URI:	http://eprints.lse.ac.uk/id/eprint/102365

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