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We propose a new measure of the rate of poverty we call the Supplemental Expenditure Poverty Measure (SEPM) based on … the minimum bundle necessary to meet basic needs. Our measure differs from conventional income and consumption poverty in … both concept and measurement and it has advantages relative to both. Poverty rates using our basic measure are very close …
Persistent link: https://www.econbiz.de/10013210084
alone, we document that social isolation, poverty, and health challenges are three of the leading correlates of depression …
Persistent link: https://www.econbiz.de/10013388786
I discuss recent books offering differing explanations for persistent U.S. poverty. Desmond (2023) argues that aid to …
Persistent link: https://www.econbiz.de/10015072908
Using friendship data from Facebook, we study the effects of three aspects of social capital on household financial behavior. We find that the most important measure of social capital in explaining stock market and saving participation is Economic Connectedness, defined as the fraction of one's...
Persistent link: https://www.econbiz.de/10014512040
The United Nations Human Development Index (HDI) is arguably the most widely used alternative to gross domestic product for measuring national development. This is in large part due to its multidimensional nature, as it incorporates not only income, but also education and health. However, the...
Persistent link: https://www.econbiz.de/10014247965
In response to the COVID-19 pandemic two new timely poverty measures have been developed to monitor fast …-changing economic conditions for the most deprived. The Han et al. near real-time poverty measure uses responses to a global income … poverty measure, widely cited in the media, uses data from the Annual Social and Economic Supplement to the CPS and other …
Persistent link: https://www.econbiz.de/10013362025
poverty with respect to changes in the mean of the distribution of income, thus analytically linking the poverty measures to … key macroeconomic aggregates. Numerous insights are found in Kakwani's elasticities. However, the literature on poverty … and growth since then has revealed that the impacts of economic growth on poverty, as observed in practice, can be …
Persistent link: https://www.econbiz.de/10013362055
Children's indirect exposure to the justice system through biological parents or co-resident adults is both a marker of their own vulnerability and a measure of the justice system's expansive reach in society. Estimating the size of this population for the United States has historically been...
Persistent link: https://www.econbiz.de/10014287362
We provide a method to measure welfare, in money-metric terms, taking into account expectations about the future. Our two key assumptions are that (1) the expenditure function is separable between the present and the future, and (2) there are some households that do not face idiosyncratic...
Persistent link: https://www.econbiz.de/10014576596
Children represent the largest indirect beneficiaries of the U.S. social welfare system. Yet, many questions remain about the direct benefits of cash aid to children. The current understanding of the impacts of cash aid in the U.S. is drawn primarily from studies of in-kind benefits, tax...
Persistent link: https://www.econbiz.de/10014226162