Consumption and income poverty over the business cycle

Consumption and income poverty over the busin ...
Bruce D. Meyer, Bruce D. Meyer
Locate

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today


Buy this book

Last edited by MARC Bot
October 17, 2020 | History

Consumption and income poverty over the business cycle

"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.

Publish Date
Language
English

Buy this book

Edition Availability
Cover of: Consumption and income poverty over the business cycle
Consumption and income poverty over the business cycle
2011, National Bureau of Economic Research
Electronic resource in English

Add another edition?

Book Details


Edition Notes

Title from PDF file as viewed on 5/5/2011.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.

Published in
Cambridge, MA
Series
NBER working paper series -- working paper 16751, Working paper series (National Bureau of Economic Research : Online) -- working paper no. 16751.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL24851649M
LCCN
2011655973

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

Lists

This work does not appear on any lists.

History

Download catalog record: RDF / JSON
October 17, 2020 Edited by MARC Bot import existing book
July 26, 2011 Created by LC Bot import new book