This article uses a microunit analysis to examine cyclical changes in the distribution of earnings. The analysis departs from earlier studies in several respects.!t relies on a more cautious definition of family income class, calculates recession-induced changes in the Gini coefficient

Almost a decade ago Aaron Director proposed a law of public expenditures: Public expenditures are made for the primary benefit of the middle classes, and financed with taxes which are borne in con-siderable part by the poor and the rich.... Fire and police activities, for example, are clearly

In the setting of ‘‘affine’ ’ jump-diffusion state processes, this paper provides an analytical treatment of a class of transforms, including various Laplace and Fourier transforms as special cases, that allow an analytical treatment of a range of valuation and econometric problems. Example

nothing directly to do with coding or decoding will show that in some sense belief propagation "converges with high probability to a near-optimum value" of the desired belief on a class of loopy DAGs Progress in the analysis of loopy belief propagation has been made for the case of networks

This paper proposes a method for detecting income classes based on the change-point problem. There is an increasing demand for such a method in the literature. Computation of polarization indices requires a pre-grouping of the incomes. Similarly, indices of social exclusion and sometimes indices

Numerous studies show that happy individuals are successful across multiple life domains, including marriage, friendship, income, work performance, and health. The authors suggest a conceptual model to account for these findings, arguing that the happiness–success link exists not only because

This article applies an autoregressive intervention model for the 1968-2003 period to identify either income-based or geographical transference of transnational terrorist events in reaction to the rise of fundamentalist terrorism, the end to the Cold War, and 9/11. Our time-series study

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This paper investigates sales tax inequities from a new perspective: by house-Abstract hold heads ’ age groups and income classes. With income constant, spendingvariations exist due to family head’s age, just as variations exist due to familysize. This study examines effective rates (and composite

Abst rac t-- Using data from Japanese households, this paper calculates the income elasticities of educational expenditure, allowing the elasticities to vary non-monotonically with household income. The paper explores whether income elasticities for education peak in the middle-income categories