Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys

Estimates of average per capita consumption and income from national accounts differ substantially from corresponding measures of consumption and income from household surveys. Using a new compilation of more than 2,000 household surveys matched to...

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Main Authors:	Prydz, Espen Beer, Jolliffe, Dean, Serajuddin, Umar
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	NATIONAL ACCOUNTS HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD EXPENDITURE INEQUALITY
Online Access:	http://documents.worldbank.org/curated/undefined/505211632322896934/Mind-the-Gap-Disparities-in-Assessments-of-Living-Standards-Using-National-Accounts-and-Household-Surveys http://hdl.handle.net/10986/36306

id	okr-10986-36306
recordtype	oai_dc
spelling	okr-10986-363062021-09-28T05:10:40Z Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys Prydz, Espen Beer Jolliffe, Dean Serajuddin, Umar NATIONAL ACCOUNTS HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD EXPENDITURE INEQUALITY Estimates of average per capita consumption and income from national accounts differ substantially from corresponding measures of consumption and income from household surveys. Using a new compilation of more than 2,000 household surveys matched to national accounts data, this study finds that the gaps between the data sources are larger and more robust than previously established. Means of household consumption estimated from surveys are, on average, 20 percent lower than corresponding means from national accounts. The gap with gross domestic product per capita is nearly 50 percent. The gaps have increased in recent decades and are largest in middle-income countries, where annualized growth rates for consumption surveys are systematically lower than national accounts growth rates. The paper shows that the gaps in measures across these two sources have implications for assessments of economic growth, poverty, and inequality. The study finds that typical survey measures of consumption and income may exaggerate poverty reduction and underestimate inequality. 2021-09-27T21:10:48Z 2021-09-27T21:10:48Z 2021-09 Working Paper http://documents.worldbank.org/curated/undefined/505211632322896934/Mind-the-Gap-Disparities-in-Assessments-of-Living-Standards-Using-National-Accounts-and-Household-Surveys http://hdl.handle.net/10986/36306 English Policy Research Working Paper;No. 9779 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	NATIONAL ACCOUNTS HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD EXPENDITURE INEQUALITY
spellingShingle	NATIONAL ACCOUNTS HOUSEHOLD INCOME HOUSEHOLD SURVEY HOUSEHOLD EXPENDITURE INEQUALITY Prydz, Espen Beer Jolliffe, Dean Serajuddin, Umar Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys
relation	Policy Research Working Paper;No. 9779
description	Estimates of average per capita consumption and income from national accounts differ substantially from corresponding measures of consumption and income from household surveys. Using a new compilation of more than 2,000 household surveys matched to national accounts data, this study finds that the gaps between the data sources are larger and more robust than previously established. Means of household consumption estimated from surveys are, on average, 20 percent lower than corresponding means from national accounts. The gap with gross domestic product per capita is nearly 50 percent. The gaps have increased in recent decades and are largest in middle-income countries, where annualized growth rates for consumption surveys are systematically lower than national accounts growth rates. The paper shows that the gaps in measures across these two sources have implications for assessments of economic growth, poverty, and inequality. The study finds that typical survey measures of consumption and income may exaggerate poverty reduction and underestimate inequality.
format	Working Paper
author	Prydz, Espen Beer Jolliffe, Dean Serajuddin, Umar
author_facet	Prydz, Espen Beer Jolliffe, Dean Serajuddin, Umar
author_sort	Prydz, Espen Beer
title	Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys
title_short	Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys
title_full	Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys
title_fullStr	Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys
title_full_unstemmed	Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys
title_sort	mind the gap : disparities in assessments of living standards using national accounts and household surveys
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/505211632322896934/Mind-the-Gap-Disparities-in-Assessments-of-Living-Standards-Using-National-Accounts-and-Household-Surveys http://hdl.handle.net/10986/36306
_version_	1764484974839332864

Mind the Gap : Disparities in Assessments of Living Standards Using National Accounts and Household Surveys

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