MARC Record from Library of Congress

LEADER: 02634cam a22002897a 4500
001 2011655973
003 DLC
005 20110506113951.0
007 cr |||||||||||
008 110505s2011 mau sb 000 0 eng
010 $a 2011655973
040 $aDLC$cDLC
050 00 $aHB1
100 1 $aMeyer, Bruce D.
245 10 $aConsumption and income poverty over the business cycle$h[electronic resource] /$cBruce D. Meyer, James X. Sullivan.
260 $aCambridge, MA :$bNational Bureau of Economic Research,$cc2011.
490 1 $aNBER working paper series ;$vworking paper 16751
538 $aSystem requirements: Adobe Acrobat Reader.
538 $aMode of access: World Wide Web.
500 $aTitle from PDF file as viewed on 5/5/2011.
530 $aAlso available in print.
504 $aIncludes bibliographical references.
520 3 $a"We examine the relationship between the business cycle and poverty for the period from 1960 to 2008 using income data from the Current Population Survey and consumption data from the Consumer Expenditure Survey. This new evidence on the relationship between macroeconomic conditions and poverty is of particular interest given recent changes in anti-poverty policies that have placed greater emphasis on participation in the labor market and in-kind transfers. We look beyond official poverty, examining alternative income poverty and consumption poverty, which have conceptual and empirical advantages as measures of the well-being of the poor. We find that both income and consumption poverty are sensitive to macroeconomic conditions. A one percentage point increase in unemployment is associated with an increase in the after-tax income poverty rate of 0.9 to 1.1 percentage points in the long-run, and an increase in the consumption poverty rate of 0.3 to 1.2 percentage points in the long-run. The evidence on whether income is more responsive to the business cycle than consumption is mixed. Income poverty does appear to be more responsive using national level variation, but consumption poverty is often more responsive to unemployment when using regional variation. Low percentiles of both income and consumption are sensitive to macroeconomic conditions, and in most cases low percentiles of income appear to be more responsive than low percentiles of consumption"--National Bureau of Economic Research web site.
700 1 $aSullivan, James X.$q(James Xavier)
710 2 $aNational Bureau of Economic Research.
830 0 $aWorking paper series (National Bureau of Economic Research : Online) ;$vworking paper no. 16751.
856 40 $uhttp://www.nber.org/papers/w16751