While in the United States economic growth finally broke through scoring in excess of 12 p.c. in real terms in the third quarter of 1975, there was some slowdown in the recovery toward the end of the year. What is to be expected in the internal and external economic sphere during 1976, while the...

Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many...

Imagine a region suffering from a widening income gap that becomes eligible for a generous transfer programme (the treatment). Imagine difference-in-differences analysis (DD) — a before-and-after comparison of the income-level difference — shows that the handicap has risen. Most observers...