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Sufficient Statistics for Measuring Forward-Looking Welfare
Baqaee, David; Burstein, Ariel T.; Koike-Mori, Yasutaka - National Bureau of Economic Research - 2024
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
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Intrahousehold Inequality
Chiappori, Pierre-André - 2014
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10012458473
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Beyond Happiness and Satisfaction : Toward Well-Being Indices Based on Stated Preference
Benjamin, Daniel J. - 2012
This paper proposes foundations and a methodology for survey-based tracking of well-being. First, we develop a theory …
Persistent link: https://www.econbiz.de/10012460285
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Population and Welfare : The Greatest Good for the Greatest Number
Adhami, Mohamad; Bils, Mark; Jones, Charles I.; Klenow, … - National Bureau of Economic Research - 2023
Economic growth is typically measured in per capita terms. But social welfare should arguably include the number of people as well as their standard of living. We decompose social welfare growth -- measured in consumption-equivalent (CE) units -- into contributions from rising population and...
Persistent link: https://www.econbiz.de/10014447320
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Another brick on the Wall : On the Effects of Non-Contributory Pensions on Material and Subjective Well Being
Bando Grana, Rosangela; Galiani, Sebastián; Gertler, … - National Bureau of Economic Research - 2021
living in poverty. Households with a beneficiary increased their level of consumption by 44 percent. The program improved …
Persistent link: https://www.econbiz.de/10012482536
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Improving the Accuracy of Economic Measurement with Multiple Data Sources : The Case of Payroll Employment Data
Cajner, Tomaz - 2019
-time measurement of the labor market. The sources are the Current Employment Statistics (CES) from BLS and microdata from the payroll …-sized samples. We argue that combining CES and ADP data series reduces the measurement error inherent in both data sources. In …
Persistent link: https://www.econbiz.de/10012479981
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Measuring Labor Earnings Inequality using Public-Use March Current Population Survey Data : The Value of Including Variances and Cell Means When Imputing Topcoded Values
Burkhauser, Richard V. - 2008
Using the Census Bureau's internal March Current Population Surveys (CPS) file, we construct and make available variances and cell means for all topcoded income values in the public-use version of these data. We then provide a procedure that allows researchers with access only to the public-use...
Persistent link: https://www.econbiz.de/10012464189
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Consistent Cell Means for Topcoded Incomes in the Public Use March CPS (1976-2007)
Larrimore, Jeff - 2008
Using the internal March CPS, we create and in this paper distribute to the larger research community a cell mean series that provides the mean of all income values above the topcode for any income source of any individual in the public use March CPS that has been topcoded since 1976. We also...
Persistent link: https://www.econbiz.de/10012464708
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The Supplemental Poverty Measure : A New Method for Measuring Poverty
Fitzgerald, John; Moffitt, Robert A. - National Bureau of Economic Research - 2022
both concept and measurement and it has advantages relative to both. Poverty rates using our basic measure are very close …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 …
Persistent link: https://www.econbiz.de/10013210084
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On Measuring Global Poverty
Ravallion, Martin - 2019
The paper critically assesses prevailing measures of global poverty. A welfarist interpretation of global poverty lines … falling incidence of poverty globally over the last 30 years. This is mainly due to lower absolute poverty counts in the … standard. The vast bulk of poverty, both absolute and relative, is now found in the developing world …
Persistent link: https://www.econbiz.de/10012480155