Eren, Selcuk; Masterson, Thomas; Wolff, Edward; … - Levy Economics Institute - 2011
vary by the measure used, from 23 percent (HBAI) to 32 percent (LIMEW) and 35 percent (ROI). LIMEW shows that much of the … middle class’s gain in well-being was as a result of increases in government expenditures. LIMEW also marks a greater …