Journal of Economic and Social Measurement - Volume 14, issue 2

Authors: Grebler, Leo

Article Type: Research Article

Abstract: The structure of savings media has changed greatly in the 1975–1984 period. How have savers responded to these changes? The question is answered by an analysis of annual movement of gross and net additions to financial assets held by households in the form of fixed-money claims. Gross financial saving is disaggregated by type of institution and debt securities, and household liabilities are shown by type of debt. Net financial saving as a percentage of …disposable personal income yields a savings rate that differs from the rate reported in national income accounts. In the study period, shifts between the various savings media have not been systematically related to yield differentials, a finding that calls for explanation. The article stresses the insights into savers' behavior that can be obtained from the analysis of household financial assets and pleads for greater attention to changes in these assets as a measure of consumer saving. Show more

DOI: 10.3233/JEM-1986-14201

Citation: Journal of Economic and Social Measurement, vol. 14, no. 2, pp. 91-105, 1986

Authors: Kennedy, John M. | De Jong, Gordon F. | Lichter, Daniel T.

Article Type: Research Article

Abstract: In this paper, we describe a strategy for generating or updating county level population projections, using current age-sex-race-specific migration estimates derived from U.S. Bureau of the Census current population estimates. Our strategy focuses on projecting local area patterns of net migration and is illustrated using a cohort-component projection model for counties in Pennsylvania. First, we discuss the advantages of 5-year age-sex-race-specific migration rates based on the retrospective residence question asked in the 1980 …Census. Second, we discuss the use of middecade 1985 population estimates as a benchmark for generating updated 1980–1985 migration rates by age-sex-race for each Pennsylvania county. Finally, we describe a migration typology, based on changes between 1975–1980 and 1980–1985 in county total net migration patterns, which is used to generate future population projections to the year 2000. Show more

DOI: 10.3233/JEM-1986-14202

Citation: Journal of Economic and Social Measurement, vol. 14, no. 2, pp. 107-120, 1986

Authors: Duleep, Harriet Orcutt

Article Type: Research Article

Abstract: To develop effective policies to raise longevity and health, a clearer understanding must be achieved of what determines health and mortality. This can only be accomplished through a multivariate approach in which relevant variables are either statistically controlled for, or controlled in a natural experiments framework. Furthermore, a better understanding of the causal structure underlying variation in mortality requires longitudinal information on several explanatory variables. This paper describes the resources …available in the Social Security administrative record system that can be utilized for the study of health and mortality determination. Studies that have used the administrative record data for mortality research are discussed. The most important data resource maintained by the Social Security Administration is the Continuous Work History Sample. This data set contains longitudinal information on several key variables. Matched to other administrative and survey data sources, the Continuous Work History Sample could be developed into a truly comprehensive data base for mortality research. Unfortunately, the development and even the maintenance of this file are endangered by ramifications of the 1976 Tax Reform Act. Show more

DOI: 10.3233/JEM-1986-14203

Citation: Journal of Economic and Social Measurement, vol. 14, no. 2, pp. 121-133, 1986

Authors: Lee, Eun Sul | Forthofer, Ronald N. | Holzer, III, Charles E. | Taube, Carl A.

Article Type: Research Article

Abstract: A proper analysis of data from complex sample surveys requires special consideration for estimating standard errors. Special techniques and software packages are available, including Taylor series linearization (delta method), balanced repeated replication, and jackknife. Before their use, it is often necessary to make certain modifications in original data structure, to conform to computing method requirements. The most common modification is to form pseudostrata by collapsing substrata or partitioning a string …of geographic clusters. This paper examines the performance of the delta method when it is applied to a complex community survey data set in which sequentially drawn clusters of households are partitioned to form pseudostrata. Standard errors of rates, regression coefficients, and odds ratios are compared with those computed from the variation of replicates built into the sample design. The results demonstrate that an analysis of complex survey data should use an appropriate method for estimating standard errors, and that pseudostrata would produce reasonable estimates of standard errors for rates and regression coefficients, with mixed results for odds ratios. Show more

DOI: 10.3233/JEM-1986-14204

Citation: Journal of Economic and Social Measurement, vol. 14, no. 2, pp. 135-144, 1986

Authors: Shriver, Keith A.

Article Type: Research Article

Abstract: Realistic estimates of economic depreciation are required for analyses of tax policy, economic growth and production, and national income and wealth. The purpose of this paper is to examine the stability assumption underlying the econometric derivation of empirical estimates of …economic depreciation for industrial machinery and equipment. The results suggest that a reasonable stability of economic depreciation rates of decline may exist over time. Thus, the assumption of a constant rate of economic depreciation may be a reasonable approximation for further empirical economic analyses. Show more

DOI: 10.3233/JEM-1986-14205

Citation: Journal of Economic and Social Measurement, vol. 14, no. 2, pp. 145-153, 1986

Authors: Lanning, Steven G.

Article Type: Research Article

Abstract: The simultaneous estimation of missing obseroations with the parameters of a model is compared to separately interpolating existing data by application of related series to estimate missing obseroations prior to estimation of model parameters. Missing obseroations are simulated on a complete time series. The basis of the comparison is the deviations between estimates of model parameters when no obseroations are missing and estimates of the same model parameters when the …simulated missing obseroations are estimated. No support for favoring the simultaneous approach over the two-step interpolation approach is found. Show more

DOI: 10.3233/JEM-1986-14206

Citation: Journal of Economic and Social Measurement, vol. 14, no. 2, pp. 155-163, 1986