Statistical matching using propensity scores: Theory and application to the analysis of the distribution of income and wealth
In: Journal of economic and social measurement, Band 35, Heft 3-4, S. 177-196
ISSN: 1875-8932
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In: Journal of economic and social measurement, Band 35, Heft 3-4, S. 177-196
ISSN: 1875-8932
We examine the economic well-being of the elderly, using the Levy Institute Measure of Economic Well-Being (LIMEW). Compared to the conventional measures of income, the LIMEW is a comprehensive measure that incorporates broader definitions of income from wealth, government expenditures, and taxes. It also includes the value of household production. We find that the elderly are much better off, relative to the nonelderly, according to our broader measure of economic well-being than by conventional income measures. The main reason for the higher relative LIMEW of the elderly is the much higher values of income from wealth and net government expenditures for the elderly than the nonelderly. There are pronounced differences in well-being among the population subgroups within the elderly. The older elderly are worse off than the younger elderly, nonwhites are worse off than whites, and singles are worse off than married couples. We also find that the degree of inequality in the LIMEW is substantially higher among the elderly than among the nonelderly. In contrast, inequality in the most comprehensive measure of income published by the Census Bureau is virtually identical among the elderly and nonelderly. The main factor behind the degree of inequality, as the decomposition analysis reveals, is the greater size and concentration of income from nonhome wealth in the LIMEW compared to extended income (EI).
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Using random assignment in sites around the state of Texas, this evaluation project analyzes the net impact of time limits, the personal responsibility agreement, increased resource limits and other features of the 1995 Texas welfare reform legislation (HB 1863) on a number of outcomes. Impacts of these reforms will be measured for the following client and family outcomes: welfare dynamics, economic self sufficiency, participation in workforce development services, education and immunization of children, access to subsidized child care, and use of child protective services. Net impacts will be measured over a five-year period. ; Texas Department of Human Services ; Ray Marshall Center for the Study of Human Resources
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