Changes in the headcount rate are the standard metric for gauging how public transfers and taxes affect US poverty. An alternative strategy, one theoretically more appealing and complete, is to rely on distribution-sensitive indexes (Sen 1976, 1981). How would policy's measured impacts change if...

Changes in the headcount rate are the standard metric for gauging how public transfers and taxes affect poverty. An alternative strategy, one theoretically more appealing and complete, is to rely on distribution-sensitive indexes [Sen (1976, 1981)]. How would policies measured impacts change if...

Using the May 1981 Current Population Survey tape and occupational labor market conditions data from the Bureau of Labor Statistics, this study tests (1) whether excess demand for labor is directly related to hourly earnings and (2) what effect, if any, controlling for excess demand may have on...