TY  - UNPD
A1  - Carroll, Christopher D.
T1  - Representing consumption and saving without a representative consumer
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 464
N2  - The Great Recession confirmed a bedrock principle of modern consumption theory: It is impossible to explain aggregate spending behavior without knowledge of the underlying microeconomic distribution of circumstances and choices across households. National accounting frameworks therefore need to be augmented by “bottom up” measures that both (a) capture the microeconomic heterogeneity (in expenditures, income, assets, debt, and beliefs) in the population and (b) sum up to statistics that have a recognizable relationship to the aggregate totals that are already reasonably well measured.
T3  - CFS working paper series - 464 
KW  - National Accounting
KW  - Inequality
KW  - Distribution
Y1  - 2014
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/34687
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30:3-346874
UR  - https://www.ifk-cfs.de/2478.html
PB  - Center for Financial Studies
CY  - Frankfurt am Main
ER  -