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play in explaining changes in poverty over the past three decades. We also consider whether measurement error, saving and …This paper examines poverty in the United States from 1960 through 2005. We investigate how poverty rates and poverty … different income and consumption measures of poverty, and consider explanations for the differences in trends. We document sharp …
Persistent link: https://www.econbiz.de/10012757661
In the U.S., analyses of poverty rates and the effects of anti-poverty programs rely almost exclusively on income data … consumption. Measures of overall and sub-group poverty also sharply differ. In addition to examining broader populations and a …
Persistent link: https://www.econbiz.de/10012759811
measurement error and under-reporting, and by comparing micro-data from standard surveys to administrative micro-data and … between consumption and well-being and its better measurement favors the use of consumption when setting benefits and …
Persistent link: https://www.econbiz.de/10013244091
Analyzing the distributional impacts of economic crises is important and, unfortunately, an ever more pressing need. If policymakers are to intervene to help those most adversely impacted, then policymakers need to identify those who have been most harmed and the magnitude of that harm....
Persistent link: https://www.econbiz.de/10013226160
This paper examines the quality of data collected in the Consumer Expenditure (CE) Survey, which is the source for the Consumer Price Index weights and is the main source of U.S. consumption microdata. We compare reported spending on a large number of categories of goods and services to...
Persistent link: https://www.econbiz.de/10013101818
Using data from the 1994 through 1998 Consumer Expenditure Surveys, we compare household spending on 16 different goods (food at home, food away from home, housing, transportation, alcohol and tobacco, interest, furniture and appliances, home maintenance, clothing, utilities, medical care,...
Persistent link: https://www.econbiz.de/10013229047
Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...
Persistent link: https://www.econbiz.de/10013139740
In this paper we examine the link between wage inequality and consumption inequality using a life cycle model that incorporates household consumption and family labor supply decisions. We derive analytical expressions based on approximations for the dynamics of consumption, hours, and earnings...
Persistent link: https://www.econbiz.de/10013099814
Earnings dynamics are much richer than typically assumed in macro models with heterogeneous agents. This holds for individual-pre-tax and household-post-tax earnings and across administrative (Social Security Administration) and survey (Panel Study of Income Dynamics) data. We estimate two...
Persistent link: https://www.econbiz.de/10012927027
When the zero lower bound on nominal interest rate binds, monetary policy makers may lack traditional tools to stimulate aggregate demand. We investigate whether "unconventional" fiscal policy, in the form of pre-announced consumption tax changes, has the potential to meaningfully shift durables...
Persistent link: https://www.econbiz.de/10012908479