Economics & Finance / Economic Theory / Econometrics

Household Survey Analysis: A Microeconometric Approach to Development Policy. This book, Household

The Analysis of Household Surveys: A Microeconometric Approach to Development Policy

Angus Deaton

Nobel Prize in Economics Papers Series： Household Survey Analysis: A Microeconometric Approach to Development Policy. This book, *Household Survey Analysis*, by Angus Deaton, delves into the theory and practice of using microeconomic data for policymaking in developing countries. The author details how the widespread adoption of computing technology has revolutionized data collection and processing, enabling it to serve poverty monitoring and living standards assessment more promptly. The book compares the advantages and disadvantages of cross-sectional versus panel data and focuses on the impact of stratified sampling and weighting on statistical accuracy. Through examples from Pakistan, Côte d'Ivoire, and Thailand, the literature demonstrates how to apply econometric models and nonparametric estimation to address complex issues such as income measurement bias and price elasticity. Furthermore, the content covers the relationship between nutrition and productivity, intra-household resource allocation, and the dynamic analysis of savings-smoothed consumption behavior. In short, this work aims to bridge the gap between raw survey data and macroeconomic policy analysis for researchers.