Download or read book The Mis Measurement of Permanent Earnings written by Bhashkar Mazumder and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the reliability of using short-term averages of earnings as a proxy for permanent earnings in empirical research. An earnings dynamics model is estimated on a large sample of men covering the period from 1983 to 1997 following the cohort-based methodology of Baker and Solon (1999). The analysis uses a unique dataset that matches men in the 1984, 1990 and 1996 Surveys of Income and Program Participation (SIPP) to the Social Security Administration's Summary Earnings Records (SER). The results confirm that using a short-term average of earnings can lead to spurious estimates of the effect of lifetime earnings on a particular outcome. In addition, the transitory variance appears to vary considerably over the lifecycle. The share of earnings variance due to transitory factors is higher among blacks and the persistence of transitory shocks appears to be greater for this group as well. Finally, the transitory variance appears to be a more important factor in explaining the overall earnings variance of college educated men than those without college.
Download or read book The Mis measurement of Permanent Earnings written by Bhashkar Mazumder and published by . This book was released on 2001 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Unequal Chances written by Samuel Bowles and published by Princeton University Press. This book was released on 2009-10-15 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Is the United States "the land of equal opportunity" or is the playing field tilted in favor of those whose parents are wealthy, well educated, and white? If family background is important in getting ahead, why? And if the processes that transmit economic status from parent to child are unfair, could public policy address the problem? Unequal Chances provides new answers to these questions by leading economists, sociologists, biologists, behavioral geneticists, and philosophers. New estimates show that intergenerational inequality in the United States is far greater than was previously thought. Moreover, while the inheritance of wealth and the better schooling typically enjoyed by the children of the well-to-do contribute to this process, these two standard explanations fail to explain the extent of intergenerational status transmission. The genetic inheritance of IQ is even less important. Instead, parent-offspring similarities in personality and behavior may play an important role. Race contributes to the process, and the intergenerational mobility patterns of African Americans and European Americans differ substantially. Following the editors' introduction are chapters by Greg Duncan, Ariel Kalil, Susan E. Mayer, Robin Tepper, and Monique R. Payne; Bhashkar Mazumder; David J. Harding, Christopher Jencks, Leonard M. Lopoo, and Susan E. Mayer; Anders Björklund, Markus Jäntti, and Gary Solon; Tom Hertz; John C. Loehlin; Melissa Osborne Groves; Marcus W. Feldman, Shuzhuo Li, Nan Li, Shripad Tuljapurkar, and Xiaoyi Jin; and Adam Swift.
Download or read book Understanding Affordability written by Meen, Geoffrey and published by Bristol University Press. This book was released on 2020-07-08 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many younger and lower-income people, housing affordability continues to worsen. Based on the academic research of two distinguished housing economists – and stimulated by working with governments across the world - this wide-ranging book sets out clear theoretical and empirical frameworks to tackle one of today’s most important socio-economic issues. Housing unaffordability arises from complex forces and a prerequisite to effective policy is understanding the causes of rising house prices and rents and the interactions between housing, housing finance and the macroeconomy. The authors challenge many of the conventional wisdoms in housing policy and offer innovative recommendations to improve affordability.
Download or read book Earnings Mobility in the United States written by Bhashkar Mazumder and published by . This book was released on 2001 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Race and Economic Opportunity in the Twenty First Century written by Marlene Kim and published by Routledge. This book was released on 2007-06-19 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examining the crucial topic of race relations, this book contains contributions from a range of international contributors. The authors explore the economic and social environments that play a significant role in determining economic outcomes and why racial disparities persist.
Download or read book Chance Merit and Economic Inequality written by Joseph de la Torre Dwyer and published by Springer Nature. This book was released on 2019-09-11 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a novel approach to distributive justice by building a theory based on a concept of desert. As a work of applied political theory, it presents a simple but powerful theoretical argument and a detailed proposal to eliminate unmerited inequality, poverty, and economic immobility, speaking to the underlying moral principles of both progressives who already support egalitarian measures and also conservatives who have previously rejected egalitarianism on the grounds of individual freedom, personal responsibility, hard work, or economic efficiency. By using an agnostic, flexible, data-driven approach to isolate luck and ultimately measure desert, this proposal makes equal opportunity initiatives both more accurate and effective as it adapts to a changing economy. It grants to each individual the freedom to genuinely choose their place in the distribution. It provides two policy variations that are perfectly economically efficient, and two others that are conditionally so. It straightforwardly aligns outcomes with widely shared, fundamental moral intuitions. Lastly, it demonstrates much of the above by modeling four policy variations using 40 years of survey data from the Panel Study of Income Dynamics.
Download or read book Improving the Measurement of Earnings Dynamics written by Moira Daly and published by . This book was released on 2016 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: The stochastic process for earnings is the key element of incomplete markets models in modern quantitative macroeconomics. We show that a simple modification of the canonical process used in the literature leads to a dramatic improvement in the measurement of earnings dynamics in administrative and survey data alike. Empirically, earnings at the start or end of earnings spells are lower and more volatile than the observations in the interior of earnings histories, reflecting the effects of working less than the full year as well as deviations of wages due to e.g. tenure effects. Ignoring these properties of earnings, as is standard in the literature, leads to a substantial mismeasurement of the variances of permanent and transitory shocks and induces the large and widely documented divergence in the estimates of these variances based on fitting the earnings moments in levels or growth rates. Accounting for these effects enables more accurate analysis using quantitative models with permanent and transitory earnings risk, and improves empirical estimates of consumption insurance against permanent earnings shocks.
Download or read book The EU and social inclusion written by Marlier, Eric and published by Policy Press. This book was released on 2009-04-21 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: Social cohesion is one of the declared objectives of the European Union and, with some 16% of EU citizens at risk of poverty, the need to fight poverty and social exclusion continues as a major challenge. This book provides an in-depth analysis of the EU Social Inclusion Process, the means by which it hopes to meet this objective, and explores the challenges ahead at local, regional, national and EU levels. It sets out concrete proposals for taking the Process forward. The book provides a unique analysis of policy formulation and assessment. Setting out the evolution and current state of EU cooperation in social policy, it examines what can be learned about poverty and social exclusion from the EU commonly agreed indicators. Taking the position of outside, but informed, observers, the authors explore the further development of the common indicators, including the implications of Enlargement, and consider the challenges of advancing the Social Inclusion Process - strengthening policy analysis, embedding the Process in domestic policies and making it more effective. Proposing the setting of targets and restructuring of National Action Plans and their implementation, they emphasise the need for widespread ownership of the Process at domestic and EU level and for it to demonstrate significant progress in reducing poverty and social exclusion. The book will be invaluable to academics, students and policy-makers at sub-national, national and EU levels as well as to social partners, and NGOs working towards a more inclusive society.
Download or read book Mortality Mass layoffs and Career Outcomes written by Daniel Sullivan and published by . This book was released on 2007 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses administrative data on quarterly employment and earnings matched to death records to estimate the effects of job displacement on mortality. We find that job displacement leads to a 15-20% increase in death rates during the following 20 years. If such increases were sustained beyond this period, they would imply a loss in life expectancy of about 1.5 years for a worker displaced at age 40. These results are robust to extensive controls for sorting and selection, and are consistent with estimates of the effects of job loss on mortality pooling displaced workers and stayers that are not affected by selective job displacement. To examine the channels through which mass layoffs raise mortality, we exploit the panel nature of our data -- covering over 15 years of earnings -- to analyze the correlation of long-run career outcomes, such as the mean and standard deviation of earnings, with mortality at the individual and group level, something not possible with typical data sets. Our findings suggest that factors correlated with a decrease in mean earnings and a rise in standard deviation of earnings have the potential to explain an important fraction of the effect of a job displacement on mortality.
Download or read book The Integenerational Transmission of Earnings written by Christopher E. Dunn and published by . This book was released on 2004 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Measurement of Permanent Income and Its Application to Savings Behavior written by Surjit S. Bhalla and published by . This book was released on 1980 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Understanding Consumption written by Angus Deaton and published by Clarendon Press. This book was released on 1992-10-08 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of the recent research on saving and consumption, a field in which substantial progress has been made over the last decade. Attempts by economists to understand saving and consumption patterns have generated some of the best science in economics. For more than fifty years, there has been serious empirical and theoretical activity, and data, theory, and policy have never been separated as has happened in many branches of economics. Research has drawn microeconomists interested in household behaviour, as well as macroeconomists, for whom the behaviour of aggregate consumption has always occupied a central role in explaining aggregate fluctuations. Econometricians have also made distinguished contributions, and there has been a steady flow of new methodologies by those working on saving and consumption, in time-series econometrics, as well as in the study of micro and panel data. A coherent account of these developments is presented here, emphasizing the interplay between micro and the macro, between studies of cross-section and panels, and those using aggregate time series data.
Download or read book Micro and Macro Economics written by Dr. Kahkasha Safi and published by Booksclinic Publishing. This book was released on 2024-04-16 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book MICRO and MACRO Economics theory has been written for the students of BBA, B.COM, M.COM and MBA. This book covers the syllabus of almost all the universities and institutions running with the courses. Although this book is for under graduation but it also covers up the syllabus of the post graduation classes and even for the beginners of the subject, who have knowledge on the priority basis in this field would found this book easy to understand, the graph and mathematical analysis has been used but in a manner that even without mathematics background students will found it out more easy to grasp the points. The explanations and examples of the books are specifically written with the concepts of economics in the background and are not general cases on management. This will further enhance the value of the book in future. I have a great pleasure in presenting this book to the faculties and students of this subject. Although there are many books available in the market on this subject, but my experience of about ten years shows that the students somehow miss-out on basis concept of topic and, therefore, tend to consider this subject as very tough and difficult. Hence, in writing this book special emphasis has been laid on simplicity of language and presentation without losing the academic rigor of the contents. Even difficult topics have been presented in such a manner that the student understands it easily. Unnecessary details have been avoided.
Download or read book Proceedings of the Conference on Consumption and Saving Volumes 1 and 2 written by Irwin Friend and published by University of Pennsylvania Press. This book was released on 1960-01-29 with total page 1009 pages. Available in PDF, EPUB and Kindle. Book excerpt: These two volumes, bound together, represent the papers, comments, and rejoinders presented at the Conference on Consumption and Saving held 30-31 March 1959 at the Wharton School of Finance and Commerce at the University of Pennsylvania. The first volume is devoted to an analysis of consumption behavior with a primary focus of attention on the determinants of the major categories of consumption. The second volume is devoted to an analysis of saving behavior.
Download or read book Beyond Rational Choice written by Emma Coleman Jordan and published by . This book was released on 2006 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: George Akerlof, 2002 Nobel Laureate in Economics argues that: ?Neoclassical theory suggests that poverty is the reflection of low initial endowments of human and nonhuman capital. The theory cannot account for persistent and extreme poverty coupled with high incidence of drug and alcohol abuse, out-of-wedlock births, single-headed households, high welfare dependency, and crime." This book is designed to provide materials for faculty and students who want to explore the basic intellectual history of modern economics and its turn away from rigid rationality assumptions by including material that would be useful in courses and seminars taught in economics departments at all levels, law school courses and seminars. It looks beyond neoclassical theory to provide the following alternatives: An introduction to the major challenges to the neoclassical model from scholars who share a faith in market ordering with overviews of the perspectives of behavioral economics, informational economics, institutional economics, and social norms. An introduction to the major criticisms of neoclassical economics from scholars who reject the model of the market for distributing the basic necessities of life with overviews of the perspectives of humanism; feminist critiques of market theory; racial critiques of market theory; empirical evidence of persistent racial discrimination in major markets; and market socialism.
Download or read book Earnings Mobility in the US written by Bhashkar Mazumder and published by . This book was released on 2001 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
