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, we find that the gaps...

Estimates of household expenditures directly obtained from the Family Income and Expenditure Survey (FIES) and household final consumption expenditures from national accounts have discrepancies, with their divergence generally growing across time. Such discrepancies have consequences to policy:...