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22 publications found, searching for 'Economic Well-being '
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Strategic Analysis
November 05, 2024
Economic Challenges of the New U.S. Administration
AbstractOn the eve of the 2024 US presidential election, the authors share their latest macroeconomic projections using the Levy Institute’s tailored stock-flow consistent model and evaluate two alternative policy scenarios, depending upon the next occupant of the White House: (1) a significant increase in import tariffs and decrease in the marginal tax rate, and (2) a substantial increase in government expenditure paired with an increase in the marginal tax rate.
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Research Project Report
March 19, 2024
Integrating Nonmarket Consumption into the Bureau of Labor Statistics Consumer Expenditure Survey
AbstractIn spring 2021, under the direction and encouragement of Commissioner William Beach, the US Bureau of Labor Statistics (BLS) kicked off a major initiative—to produce a measure of consumption to supplement the release of consumer expenditures. The production of such a measure would fill a data gap regarding household economic well-being. For years BLS staff, […]
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Public Policy Brief No. 149
April 14, 2020
Pandemic of Inequality
AbstractThe costs of the COVID-19 pandemic—in terms of both the health risks and economic burdens—will be borne disproportionately by the most vulnerable segments of US society. In this public policy brief, Luiza Nassif-Pires, Laura de Lima Xavier, Thomas Masterson, Michalis Nikiforos, and Fernando Rios-Avila demonstrate that the COVID-19 crisis is likely to widen already-worrisome levels […]
Download Public Policy Brief No. 149, 2020 PDF (539.32 KB) -
One-Pager No. 57
September 10, 2018
Stagnating Economic Well-Being Amid Rising Government Support
AbstractThe Levy Institute Measure of Economic Well-Being (LIMEW) was designed to provide a more comprehensive understanding of the changes affecting household living standards. Ajit Zacharias, Thomas Masterson, and Fernando Rios-Avila summarize their latest research on the trends in economic well-being for US households. They reveal historic stagnation in LIMEW growth over the 2000–13 period, as […]
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Working Paper No. 914
September 05, 2018
Quality of Match for Statistical Matches Using the American Time Use Survey 2013, the Survey of Consumer Finances 2013, and the Annual Social and Economic Supplement 2014
AbstractThis paper describes the quality of the statistical matching between the March 2014 supplement to the Current Population Survey (CPS) and the 2013 American Time Use Survey (ATUS) and Survey of Consumer Finances (SCF), which are used as the basis for the 2013 Levy Institute Measure of Economic Well-Being (LIMEW) estimates for the United States. […]
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Working Paper No. 912
August 29, 2018
The Sources and Methods Used in the Creation of the Levy Institute Measure of Economic Well-Being for the United States, 1959–2013
AbstractThis paper documents the sources of data used in the construction of the estimates of the Levy Institute Measure of Economic Wellbeing (LIMEW) for the years 1959, 1972, 1982, 1989, 1992, 1995, 2000, 2001, 2004, 2007, 2010, and 2013. It also documents the methods used to combine the various sources of data into the synthetic […]
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Public Policy Brief No. 146
August 16, 2018
Stagnating Economic Well-Being and Unrelenting Inequality
AbstractAjit Zacharias, Thomas Masterson, and Fernando Rios-Avila update the Levy Institute Measure of Economic Well-Being (LIMEW) for US households for the period 2000–13. The LIMEW—which comprises base income, income from wealth, net government expenditures, and the value of household production—is aimed at achieving a more comprehensive understanding of trends in living standards. This policy brief […]
Download Public Policy Brief No. 146, 2018 PDF (1.07 MB) -
Working Paper No. 880
January 04, 2017
The Great Recession and Racial Inequality
AbstractThe Great Recession had a tremendous impact on low-income Americans, in particular black and Latino Americans. The losses in terms of employment and earnings are matched only by the losses in terms of real wealth. In many ways, however, these losses are merely a continuation of trends that have been unfolding for more than two […]
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Working Paper No. 865
May 05, 2016
Measuring Poverty in the Case of Buenos Aires
AbstractWe describe the production of estimates of the Levy Institute Measure of Time and Income Poverty (LIMTIP) for Buenos Aires, Argentina, and use it to analyze the incidence of time and income poverty. We find high numbers of hidden poor—those who are not poor according to the official measure but are found to be poor […]
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Public Policy Brief No. 132
May 05, 2014
Πόσο φτωχή είναι η Τουρκία και τι μπορεί να γίνει
AbstractH μέτρηση της σοβαρότητας της φτώχειας σε μια δεδομένη χώρα πρέπει να εξετάζει με έναν αρκετά περιεκτικό τρόπο το κατά πόσο τα άτομα και τα νοικοκυριά ξεπερνούν κάποιο βασικό όριο όσον αφορά την υλική ευημερία. Ωστόσο, αν και αυτό το σημείο πιθανώς να φαίνεται προφανές, στις περισσότερες περιπτώσεις οι επίσημες μετρήσεις της φτώχειας αποτυγχάνουν αυτή […]
Download Κείμενο (Brief) Δημόσιας Πολιτικής Νο. 132 PDF (4.63 MB) -
Public Policy Brief No. 132
May 05, 2014
How Poor Is Turkey? And What Can Be Done About It?
AbstractGauging the severity of poverty in a given country requires a reasonably comprehensive measurement of whether individuals and households are surpassing some basic threshold of material well-being. This would seem to be an obvious point, and yet, in most cases, our official poverty metrics fail that test, often due to a crucial omission. In this […]
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Research Project Report
May 01, 2014
Time Deficits and Poverty
AbstractOfficial poverty lines in Turkey and other countries often ignore the fact that unpaid household production activities that contribute to the fulfillment of material needs and wants are essential for the household to reproduce itself as a unit. This omission has consequences. Taking household production for granted when measuring poverty yields an unacceptably incomplete picture, […]
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Working Paper No. 798
May 01, 2014
Quality of Match for Statistical Matches Using the American Time Use Survey 2010, the Survey of Consumer Finances 2010, and the Annual Social and Economic Supplement 2011
AbstractThis paper describes the quality of the statistical matching between the March 2011 supplement to the Current Population Survey and the 2010 American Time Use Survey and Survey of Consumer Finances, which are used as the basis for the 2010 LIMEW estimates for the United States. In the first part of the paper, the alignment […]
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Working Paper No. 703
January 06, 2012
A Comparison of Inequality and Living Standards in Canada and the United States Using an Expanded Measure of Economic Well-Being
AbstractWe use the Levy Institute Measure of Economic Well-being (LIMEW), the most comprehensive income measure available to date, to compare economic well-being in Canada and the United States in the first decade of the 21st century. This study represents the first international comparison based on LIMEW, which differs from the standard measure of gross money […]
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Working Paper No. 680
July 26, 2011
The Levy Institute Measure of Economic Well-Being: Estimates for Canada, 1999 and 2005
AbstractThis report presents estimates of the Levy Institute Measure of Economic Well-Being (LIMEW) for a representative sample of Canadian households in 1999 and 2005. The results indicate that there was only modest growth in the average Canadian household’s total command over economic resources in the six years between 1999 and 2005. Although inequality in economic […]
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Working Paper No. 679
July 25, 2011
The Levy Institute Measure of Economic Well-Being, France, 1989 and 2000
AbstractWe construct estimates of the Levy Institute Measure of Economic Well-Being for France for the years 1989 and 2000. We also estimate the standard measure of disposable cash income (DI) from the same data sources. We analyze overall trends in the level and distribution of household well-being using both measures for France as a whole […]
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Working Paper No. 676
July 18, 2011
Quality of Match for Statistical Matches Used in the 1989 and 2000 LIMEW Estimates for France
AbstractThe quality of match for each of four statistical matches used in the LIMEW estimates for France for 1989 and 2000 is described. The first match combines the 1992 Enquête sur les Actifs Financiers with the 1989–90 Enquête Budget de Famille (BDF). The second match combines the 1998 General Social Survey (EDT) with the 1989–90 […]
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Working Paper No. 667
April 20, 2011
The Levy Institute Measure of Economic Well-Being, Great Britain, 1995 and 2005
AbstractWe construct estimates of the Levy Institute Measure of Economic Well-Being for Great Britain for the years 1995 and 2005. We also produce estimates of the official British measures HBAI (from the Department for Work and Pensions annual report titled “Households below Average Income”) and ROI (from the Office of National Statistics Redistribution of Income […]
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Working Paper No. 663
March 29, 2011
Quality of Match for Statistical Matches Used in the 1995 and 2005 LIMEW Estimates for Great Britain
AbstractThe quality of match of four statistical matches used in the LIMEW estimates for Great Britain for 1995 and 2005 is described. The first match combines the fifth (1995) wave of the British Household Panel Survey (BHPS) with the 1995–96 Family Resources Survey (FRS). The second match combines the 1995 time-use module of the Office […]
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Working Paper No. 618
September 16, 2010
Quality of Match for Statistical Matches Used in the 1992 and 2007 LIMEW Estimates for the United States
AbstractThe quality of match of four statistical matches used in the LIMEW estimates for the United States for 1992 and 2007 is described. The first match combines the 1992 Survey of Consumer Finances (SCF) with the 1993 March Supplement to the Current Population Survey, or Annual Demographic Supplement (ADS). The second match combines the 1985 […]
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Working Paper No. 615
September 01, 2010
Quality of Match for Statistical Matches Used in the 1999 and 2005 LIMEW Estimates for Canada
AbstractThe quality of match of four statistical matches used in the LIMEW estimates for Canada for 1999 and 2005 is described. The first match combines the 1999 Survey of Financial Security (SFS) with the 1999 Survey of Labour and Income Dynamics (SLID). The second match combines the 1998 General Social Survey (GSS) with the 1999 […]
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Working Paper No. 556
January 29, 2009
Long-Term Trends in the Levy Institute Measure of Economic Well-Being (LIMEW), United States, 1959–2004
AbstractThe motivation to construct the LIMEW in lieu of relying on the official measures of well-being is to provide a more comprehensive measure of economic inequality that will also show the disparities among key demographic groups. The authors of this new working paper show that the LIMEW provides a perspective on disparities among population subgroups […]
Download Working Paper No. 556 PDF (705.76 KB)