Showing 1 - 10 of 23
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method that allows us to disentangle the direct policy effect from the effect of changing market incomes. Over the whole period 1979-2007 the cumulative tax policy effect aggravated income inequality...
Persistent link: https://www.econbiz.de/10011085100
We assess the effects of U.S. tax policy reforms on inequality by applying a new decomposition method allowing us to disentangle the policy effect from changing market incomes. Over the period 1979-2007, the cumulative policy effect aggravated inequality by increasing the income share of the top...
Persistent link: https://www.econbiz.de/10010957610
Using longitudinal data for 1968-2009 for male household heads, we determine the prevalence of pre- retirement age disability and its association with a wide range of outcomes, including earnings, income, and consumption. We then employ some of these quantities in the optimal social insurance...
Persistent link: https://www.econbiz.de/10010796715
While measurement error in the dependent variable does not lead to bias in some well-known cases, with a binary dependent variable the bias can be pronounced. In binary choice, Hausman, Abrevaya and Scott-Morton (1998) show that the marginal effects in the observed data differ from the true ones...
Persistent link: https://www.econbiz.de/10010951180
High rates of understatement are found for many government transfer programs and in many datasets. This understatement has major implications for our understanding of economic well-being and the effects of transfer programs. We provide estimates of the extent of under-reporting for ten transfer...
Persistent link: https://www.econbiz.de/10005061541
This paper considers the long-run patterns of poverty in the United States from the early 1960s to 2010. Our results … contradict previous studies that have argued that poverty has shown little improvement over time or that anti-poverty efforts … have been ineffective. We find that moving from traditional income-based measures of poverty to a consumption-based measure …
Persistent link: https://www.econbiz.de/10010796578
We investigate well-being changes for single mother headed families targeted by recent tax and welfare reforms. Measured income changes sharply differ from consumption changes. We examine disaggregated consumption, time use, and health insurance coverage. Increases in housing and transportation...
Persistent link: https://www.econbiz.de/10005571304
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 … differences, particularly in recent years, between different income poverty measures, and between income and consumption poverty …
Persistent link: https://www.econbiz.de/10005579934
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 measurement error and under-reporting, and by comparing...
Persistent link: https://www.econbiz.de/10005580107
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/10005777994