The most widely-cited social welfare statistics in the United States are based on tabulations on family income. The picture that emerges is cause for concern; median family income has hardly changed over the past 25 years while inequality has increased and poverty remained persistently high. Yet, consumption-based statistics as employed in this work yield rigorous and quite different estimates of real individual and social welfare. Closely linked to economic theory, Professor Slesnick's examination of standards of living, inequality, and poverty reveal that the standard of U.S. living has grown significantly while inequality and poverty have decreased to relatively low levels. His assessment is drawn from extended period data in order to chart long-run trends.
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Book Description
The most widely-cited social welfare statistics in the United States are based on tabulations on family income. The picture that emerges is cause for concern; median family income has hardly changed over the last 25 years while inequality has increased and poverty remained persistently high. Closely linked to economic theory, Professor Slesnick's examination of standards of living, inequality, and poverty reveal that the standard of living has grown significantly while inequality and poverty have decreased to relatively low levels.
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Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Inside This Book
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First Sentence:
Are you better off now than you were four years ago? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nutritional equivalence scales, kth household, relative welfare levels, social welfare statistics, subjective equivalence scales, capita adjustment, income reporters, household equivalence scales, household welfare functions, real median family income, equivalent consumption, nonwhite households, expenditure inequality, households with low incomes, rental equivalent, reference household, heterogeneous households, official poverty rate, consumption requirements, substitution bias, total inequality, equivalent expenditure, expenditure function, expenditure distributions, inequality index Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Census Bureau, Bureau of the Census, Social Security, World War, Consumer Expenditure Surveys, Los Angeles, Bureau of Labor Statistics, Current Population Reports, Economy Food Plan, Engel's Law, Current Population Surveys New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Are you better off now than you were four years ago? Read the first page Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
nutritional equivalence scales, kth household, relative welfare levels, social welfare statistics, subjective equivalence scales, capita adjustment, income reporters, household equivalence scales, household welfare functions, real median family income, equivalent consumption, nonwhite households, expenditure inequality, households with low incomes, rental equivalent, reference household, heterogeneous households, official poverty rate, consumption requirements, substitution bias, total inequality, equivalent expenditure, expenditure function, expenditure distributions, inequality index Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Census Bureau, Bureau of the Census, Social Security, World War, Consumer Expenditure Surveys, Los Angeles, Bureau of Labor Statistics, Current Population Reports, Economy Food Plan, Engel's Law, Current Population Surveys New!
Books on Related Topics | Concordance | Text Stats Browse Sample Pages:
Front Cover | Front Flap | Table of Contents | First Pages | Index | Back Flap | Back Cover | Surprise Me!
Citations (learn more)
This book cites 38
books:
See all 38 books this book cites
3
books
cite this book:
- Price Level Measurement (Contributions to Economic Analysis) by W. Erwin Diewert in Back Matter (1), Back Matter (2), and Back Matter (3)
- Consumer Behavior by Roger D. Blackwell in Back Matter (1), and Back Matter (2)
- Price Measurements and Their Uses (National Bureau of Economic Research Studies in Income and Wealth) by Murray F. Foss in Back Matter (1), and Back Matter (2)
- Advances in Econometrics by R. L. Basmann in Back Matter (1), and Back Matter (2)
- The Measurement of Household Welfare by R. W. Blundell in Back Matter
See all 38 books this book cites
- Handbook of Utility Theory: Volume 2: Extensions by Salvador Barbera in Back Matter
- The Behavioral and Welfare Analysis of Consumption: The Cost of Children, Equity and Poverty in Colombia by Federico Perali in Back Matter
- Living Standards in the United States: A consumption-based Approach (Aei Studies on Understanding Economic Inequality) by Daniel T. Slesnick in Back Matter
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