Caleb Cho

Jan 25, 2024 | bls.gov | Caleb Cho |Brett Matsumoto |Dominic Smith

Featured Article In this article, we estimate consumption of automobiles by using a user-cost approach and data from the Consumer Expenditure Surveys Interview Survey (CE). The user-cost approach is a method for valuing the flow of services from long-lived goods. A key input into user cost is the depreciation of the good, which we estimate by using purchase data from the CE.