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In the U.S., analyses of poverty rates and the effects of anti-poverty programs rely almost exclusively on income data … mothers. Our earlier work did not show that income and consumption differ in practice. Here we further examine data quality … issues and show that important conclusions about recent trends depend on whether one uses consumption or income. Changes in …
Persistent link: https://www.econbiz.de/10012465193
In this paper we propose a method to characterize the time series properties of individual consumption, income and … consumption and the studies that relate innovations to income to innovations to consumption, such as those that have found the so …
Persistent link: https://www.econbiz.de/10012466208
We evaluate consumption and income measures of the material well-being of the poor. We begin with conceptual and … pragmatic reasons that favor income or consumption. Then, we empirically examine the quality of standard data by studying … aggregates. We also compare low reports of income and consumption to other measures of hardship and well-being. The closer link …
Persistent link: https://www.econbiz.de/10012468938
process using two data sets: the Panel Study of Income Dynamics and a large, synthetic, data set that matches the dynamics of …
Persistent link: https://www.econbiz.de/10012456755
and agriculture), and an increase in profit. But this increase in profit was offset by a reduction in income from casual … labor, so overall there was no gain in measured income or consumption. We find suggestive evidence that these results are …
Persistent link: https://www.econbiz.de/10012458520
We show that shocks to household consumption growth are negatively skewed, persistent, countercyclical, and drive asset prices. We construct a parsimonious model where heterogeneous households have recursive preferences. A single state variable drives the conditional cross-sectional moments of...
Persistent link: https://www.econbiz.de/10012458555
disability and its association with a wide range of outcomes, including earnings, income, and consumption. We then employ some of … decline in after-tax income, a 24 percent decline in food and housing consumption and a 22 percent decline in food consumption …
Persistent link: https://www.econbiz.de/10012459792
Study of Income Dynamics to explore the dynamics of alternative measures of consumption inequality. All of our different … nearly the same amount as income inequality …Recent research has documented that income inequality in the United States has increased dramatically over the prior …
Persistent link: https://www.econbiz.de/10012460677
.S. earnings (from the Current Population Survey), consumption, and financial income (both from the Consumer Expenditure Survey … individuals out of unemployment. There is a weakly positive effect on consumption inequality and no effect on financial income …
Persistent link: https://www.econbiz.de/10014486257
accumulation in which households face idiosyncratic income risk and cannot commit to repay their debt. Therefore, even though a …
Persistent link: https://www.econbiz.de/10015056206