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• SOCIAL-WELFARE OF ALTERNATIVE CONTROLLED-PRICE POLICIES AI翻译
  作者：BUCCOLA, ST; SUKUME, C
  作者单位：University of Zimbabwe
  摘要：Recent developments in social welfare analysis provide insights into the selection of price policies. In the present paper, a CES social welfare function and a weighted average of utilitarian and leximin rules are used to identify optimal producer prices in an economy where government is the price setter and agents are risk averse. The analysis distinguishes between the interests of commercial producers, peasant producers, consumers, and taxpayers. An application to Zimbabwe indicates that a m...
• POVERTY AND CHANGE IN THE MACROECONOMY - A DYNAMIC MACROECONOMETRIC MODEL AI翻译
  作者：BALKE, NS; SLOTTJE, DJ
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Dallas
  摘要：This paper analyzes the impact of macroeconomic activity on the level of poverty in the U.S. economy. We use a macroeconometric model of poverty in the United States where the rate of poverty is presumed to depend upon changes in various indicators of macroeconomic performance and policy. We empirically model the relationship between poverty and the macroeconomy with a hybrid model that employs a reduced form model to capture the dynamic interactions among the data and a structural economic mo...
• EFFICIENT ESTIMATION OF THE COSTS OF RENT CONTROLS - A COMMENT AI翻译
  作者：MOON, CG; STOTSKY, JG
  摘要：Caudill, Ault, and Saba (1989) introduce an approach to estimating a hedonic price equation that accounts for censoring due to rent control in a rental housing market. This paper extends and clarifies their assertion on the consistency of the ordinary least squares estimates (OLS) and their estimates. We indicate how the nature of the rent control law affects the consistency properties of the two estimation methods.
• LIFE-CYCLE AND ALTRUISTIC THEORIES OF SAVING WITH LIFETIME UNCERTAINTY AI翻译
  作者：KUEHLWEIN, M
  摘要：This paper examines testable implications of the life-cycle theory of saving with lifetime uncertainty. Theory suggests that persons facing lower mortality rates should exhibit greater consumption growth. Nonparametric tests, using the Retirment History Survey, provide mixed support for the theory. A parameterized model allowing for altruism provides more support. Estimates of a bequest parameter indicate that elderly households value contributions to bequests as highly as contributions to the...