Under the Taxpayer Relief Act of 1997, most farmers will pay less Federal income tax, and farm families will find it easier to transfer the family farm across generations. The new law--the tax portion of 1997 legislation to balance the Federal budget by 2002--emerges from years of debate on...

Replaced with revised version of paper Jan. 11, 2012

Income inequality reflects resource allocations, and has important implications for public policy and institutional design. This paper investigates the factorsdetermining inequality. This is especially relevant in Chile where income distribution has not improved in the past decades. We...

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Individuals and households reveal their willingness to pay to enjoy environmental and natural resource services by engaging in outdoor recreation activities. The state of Alabama and the Black-Belt region possess significant recreational fishing resources whose qualities could be improved...

This paper provides quantitative estimates of the effect of proximity to fast food restaurants and grocery stores on obesity in urban food markets. Our empirical model combined georeferenced micro data on access to fast food restaurants and grocery stores with data about salient personal...

The study was designed to investigate the income distribution among rice-based farming households in Okigwe Agricultural Zone of Imo State, Nigeria. A sample of 120 rice-based farmers was selected by multistage sampling technique. Data were collected with a well structured questionnaire...

This paper analyzes a household’s leisure expenditure by exploring data on Korean urban households and provides policy implications. Among the major findings from quantitative analyses are the significant correlations between leisure consumption and disposable income, and between leisure...

We present evidence that consumer sentiment has a direct effect on excess aggregate stock returns. We also trace the source of this positive effect and find that public perception over the next year’s economic condition is the most important determinant for the stock market. Our findings...