3,855 research outputs found

    Review Of Changes In Income Inequality Within U.S. Metropolitain Areas By J.F. Madden

    Get PDF

    A New Statistic: The US Census Bureau’s Supplemental Poverty Measure

    Get PDF
    This article examines the dynamic relationship between macroeconomic performance and measures of poverty in the United States. The article is organized as follows. Section 2 presents insights on the relationship between poverty and macroeconomic performance that emerge from the literature. The emphasis is on empirical studies from 1986 to 2011. Section 3 provides a snapshot of the change in poverty over National Bureau of Economic Research-dated recessions for a variety of poverty measures. Section 4 uses vector autoregressions (VARs) to characterize the response of poverty to innovations in various social indicators and measures of macroeconomic performance. Section 5 expands the empirical analysis to include alternative measures of poverty—a consumption-based poverty rate constructed by Meyer and Sullivan (2010) and an income-based poverty rate constructed by Broda and colleagues (2009) by using a consumer price index that has been adjusted for substitution and quality bias. Section 6 conducts a forecasting exercise for income poverty and consumption poverty. Section 7 concludes and offers suggestions for future research

    Deriving The GLS Transformation Parameter In Elementary Panel Data Models

    Get PDF
    The Generalized Least Squares (GLS) transformation that eliminates serial correlation in the error terms is central to a complete understanding of the relationship between the pooled OLS, random effects, and fixed effects estimators. A significant hurdle to attainment of that understanding is the calculation of the parameter that delivers the desired transformation. This paper derives this critical parameter in the benchmark case typically used to introduce these estimators using nothing more than elementary statistics (mean, variance, and covariance) and the quadratic formula

    Poverty: A Very Short Introduction

    Get PDF
    No one wants to live in poverty. Few people would want others to do so. Yet, we find ourselves in a situation where millions of people worldwide live in poverty. According to the World Bank in 2010, 1.2 billion people lived below the extreme poverty line with an income of US 1.25orlessadayand2.4billionlivedonlessthanUS1.25 or less a day and 2.4 billion lived on less than US 2 a day. Why is that? What has been done about it in the past? And what is being done about it now? In this Very Short Introduction Philip N. Jefferson explores how the answers to these questions lie in the social, political, economic, educational, and technological processes that impact all of us throughout our lives. The degree of vulnerability is all that differentiates us. He shows how a person\u27s level of vulnerability to adverse changes in their life is very much dependent on the circumstances of their birth, including where their family lived, the schools they attended, whether it was peacetime or wartime, whether they had access to clean water, and whether they are male or female. Arguing that while poverty is ancient and enduring, the conversation about it is always new and evolving, Jefferson looks at the history of poverty, and the practical and analytical efforts we have made to eradicate it, and the prospects for further poverty alleviation in the future

    Economic Lessons

    Get PDF

    DataWarp: Building Applications which Make Progress in an Inconsistent World

    No full text
    The usual approach to dealing with imperfections in data is to attempt to eliminate them. However, the nature of modern systems means this is often futile. This paper describes an approach which permits applications to operate notwithstanding inconsistent data. Instead of attempting to extract a single, correct view of the world from its data, a DataWarp application constructs a collection of interpretations. It adopts one of these and continues work. Since it acts on assumptions, the DataWarp application considers its recent work to be provisional, expecting eventually most of these actions will become definitive. Should the application decide to adopt an alternative data view, it may then need to void provisional actions before resuming work. We describe the DataWarp architecture, discuss its implementation and describe an experiment in which a DataWarp application in an environment containing inconsistent data achieves better results than its conventional counterpart

    Poverty Volatility And Macroeconomic Quiescence

    Get PDF
    • …
    corecore