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Journal Article
Patterns of interstate migration in the United States from the survey of income and program participation

The authors describe the Survey of Income and Program Participation (SIPP) as a data source for migration studies. The SIPP is a panel dataset that provides information on income, employment outcomes, and participation in government programs. Survey participants are interviewed for up to four years even if they move to a new household or that household migrates within the United States. This unique longitudinal design gives the survey a strong advantage over traditional data sources. The authors illustrate differences in the propensity for interstate migration among different demographic ...
Review , Volume 93 , Issue May , Pages 169-186

Defined contribution plans: the role of income, age and match rates

The growth of defined contribution plans has sparked debate concerning their effectiveness as a vehicle for retirement saving. Using data from the May 1993 Employee Benefits Supplement to the Current Population Survey, this paper examines whether DC plans have expanded overall pension coverage and whether their effects on retirement saving are the same across different age and income groups. Not surprisingly, I find that contributions to and early withdrawals from DC plans are strongly affected by income and age. The paper then discusses whether employer match rates are useful tools for ...
Research Paper , Paper 9517

Is consumption insufficiently sensitive to innovations in income?

Deaton (1986) has noted that if income is a first-order autoregressive process in first differences, then a simple version of Friedman?s permanent income hypothesis (SPIH) implies that measured U.S. consumption is insufficiently sensitive to innovations in income. This paper argues that this implication of the SPIH is a consequence of the fact that it ignores the role of the substitution effect in the consumption decision. Using a parametric version of the standard model of economic growth, the paper shows that very small movements in interest rates are sufficient to induce an empirically ...
Staff Report , Paper 106

Journal Article
A primer on cointegration with an application to money and income

Review , Issue Mar

Working Paper
Common trends and common cycles in regional per capita incomes

Cyclical dynamics at the regional level are investigated using newly developed times-series techniques that allow a decomposition of aggregate data into common trends and common cycles. The authors apply the common-trend/common-cycle representation to per capita personal income for the eight BEA regions using quarterly data for the period 1948:1-93:4. Their analysis reveals considerable differences in the volatility of regional cycles. Controlling for differences in volatility, the authors find a great deal of comovement in the cyclical response of four regions (New England, Mideast, Great ...
Working Papers , Paper 96-13

Journal Article
Production, income, and spending accelerate

Review , Volume 50 , Issue Feb , Pages 2-4

Working Paper
Public infrastructure and regional economic development: a simultaneous equations approach

A study of how public capital stock impacts regional economic development, which jointly models the effects of local public infrastructure on personal income and the effect of personal income on the allocation of local public outlays.
Working Papers (Old Series) , Paper 8909

Journal Article
Family resources and college enrollment

This article reviews the literature on the effects of family income and tuition costs on college and enrollment and finds mixed evidence in support of tuition subsidies. The author also presents new evidence showing that college enrollment is especially sensitive to income for families with modest amounts of wealth, suggesting that borrowing constraints may be a factor in limiting access to higher education.
Economic Perspectives , Volume 27 , Issue Q IV

How Many Employees Are Prepared to Work from Home?

Sorting workers by occupation and income helps shed light on who is more likely to be able to work remotely.
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