Showing 1 - 10 of 30
Persistent link: https://www.econbiz.de/10005352811
Money demand models overpredicted M2 growth in the United States from 1990 to 1993. We examine this overprediction using a model of household demand for liquid wealth. The model is a dynamic generalization of the almost-ideal demand model of Deaton and Muellbauer (1980). We find that the...
Persistent link: https://www.econbiz.de/10005352970
Existing research has found an inverse relationship between urban density and the degree of income inequality within … metropolitan areas, suggesting that, as cities spread out, they become increasingly segregated by income. This paper examines this …. The findings indicate that income inequality - defined by the variance of the log household income distribution - does …
Persistent link: https://www.econbiz.de/10005352984
We reassess the convergence properties of the cross-country distribution of income and its determinants using the …
Persistent link: https://www.econbiz.de/10008598670
We estimate annual income elasticities of demand for lottery tickets using roughly twenty years of county-level data … for three states. We find that the income elasticity of demand (and thus the tax burden) for lottery tickets has changed … income. Trends in the income elasticity of demand for instant and online lottery games appear to be different. Our results …
Persistent link: https://www.econbiz.de/10005707679
Previous studies have examined the effect of income on lottery ticket expenditures using an aggregate measure of income …, usually personal income. Reasons exist, however, for believing that lottery expenditures do not respond equally to all sources … of income. This paper examines the propensity to purchase lottery tickets from separate types of income, namely income …
Persistent link: https://www.econbiz.de/10005707741
"excess sensitivity" of consumption with respect to income changes. Some of my findings sharply contradict the conventional …
Persistent link: https://www.econbiz.de/10004973899
This paper offers a descriptive empirical analysis of the geographic pattern of income inequality within a sample of …-level household income into two parts: one associated with the degree of variation among household incomes within neighborhoods … neighborhoods. Consistent with previous work, the results reveal that the vast majority of a city’s overall income inequality - at …
Persistent link: https://www.econbiz.de/10005490975
"This paper provides an overview, using extensive documentary material, of developments in U.K. macroeconomic policy in the last half-century. Rather than focusing on well-known recent changes in policy arrangements (such as the introduction of inflation targeting in 1992 or central bank...
Persistent link: https://www.econbiz.de/10003053139
This paper (i) estimates the local effects of government stimulus spending on labor market outcomes and (ii) shows how these effects can be obtained from a firm's optimal policy in the presence of costs to hiring workers. We analyze the American Recovery and Reinvestment Act of 2009 (Recovery...
Persistent link: https://www.econbiz.de/10010890136