The rate of incarceration has increased dramatically in the US since 1980. We explore the implications of this increased incarceration on national poverty measurement using micro data for the period 1979-1997. We make use of an as-yet unexplored data set on prisoner earnings, in conjunction with...

Several models of economic behavior currently compete for an explanation of individual wealth accumulation and savings patterns. In this paper we focus in particular upon the role of income uncertainty, and the role played by a retirement period, during which time expected earnings are zero. We...

Several models of economic behavior currently compete for an explanation of individual wealth accumulation and savings patterns. In this paper we focus in particular upon the role of income uncertainty, and the role played by a retirement period, during which time expected earnings are zero. We...

It is well known that an uncertain income stream will induce individuals to save if they are forward looking. In this paper we investigate the consequences of such saving upon the distribution of wealth among households. The inquiry is motivated by the fact that both the dispersion of the U.S....

Abstract. Menthol cigarettes have been viewed as a scourge on youth because they have facilitated initiation and made quitting more difficult. Many jurisdictions have banned menthol-flavored combustible cigarettes. However, while bans on menthol cigarettes are favored by public-health...

In this paper we present a model of tobacco demand in Canada, with a view to establishing if price and tax policy on the one hand or educational, regulatory, and demographic influences on the other have been primarily responsible for the substantial drop in consumption since 1980. We address...

This paper develops a computable disaggregated tax model of Canada's vaping sector that confronts the particular challenges associated with a market where very large tax changes are imposed or contemplated and where data are incomplete. A theoretical contribution is to determine appropriate...

In this paper we present a model of tobacco demand in Canada, with a view to establishing if price and tax policy on the one hand or educational, regulatory, and demographic influences on the other have been primarily responsible for the substantial drop in consumption since 1980. We address...