Quote:
Originally Posted by ogallalabob
Please cite.
Your previous argument was about kids in poverty. Not who has more income. It is a matter if they are or are not in poverty. Pretty much every study of the poverty level, I have seen of the US deals with US poverty rates which is done pre-government transfers. Think Forbes did an estimate and after such payments and dropped it to 4-5% which would be in line with other countries. But even that seemed like a total guess.
You've only seen studies use the Official Poverty Metric and not the Supplemental Poverty Metric?
In any case, here is the PDF listing the income variables that go into the cash flow set. It lists virtually everything you can think of.
http://www.lisdatacenter.org/wp-cont...ables-list.pdf
Along with the LIS guidelines detailing out monitary vs non monitary transactions
http://www.lisdatacenter.org/wp-cont...guidelines.pdf
Quote:
In the case of incomes, monetary refers to an income received directly in cash or
cash equivalent. Please note that if a cash or cash equivalent income is tied to a
certain good or service (by conditioning its occurrence to the consumption of that
good or service) it is still considered monetary (e.g. food stamps, receipts conditional
on the payment of certain costs, or on the acquisition of certain goods or services).
In the case of consumption, this refers to a consumption stemming from a monetary
transaction (a good or service that has been paid for by the household).
By default, all assets and liabilities transactions are monetary.
A flow is classified as non-monetary if it concerns the movement of goods or
services themselves, without an associated cash or cash equivalent transaction. In
this instance, the terms non-monetary, and non-cash can be used interchangeably.
In the case of incomes, this refers to an income received in goods and services
(often referred to as in-kind incomes).
In the case of consumption, it refers to a good or service that has been consumed
without having being paid for by the household, but either given to it by someone
else, or self-produced.
In the case of non-consumption expenditures, a non-monetary expenditure may
occur if a third party pays employee contributions (whether mandatory or voluntary)
on behalf of the household (the monetary transaction has in fact occurred between
the insurance fund and the party who paid the contribution on behalf of the
household).
All non-monetary inflows into a household have a counterpart among the nonmonetary
outflows (any good or service received is considered both as a nonmonetary
income and a non-monetary consumption; similarly employee
contributions paid by a third party on behalf of the household can be seen as both a
non-monetary income and a non-monetary non-consumption expenditure).
All LIS non-monetary variables are monetized, i.e. they report the money value of
the goods and services being transferred.
One issue though is there has to be a market value for the transfer to have meaning so things like free healthcare, free college, etc don't get counted, while food stamps, housing subsidies etc. do. This puts European countries at a disadvantage because you don't know the market subsidy that the poor are getting when they attend college for free ( if they do).
On an intuitive level it makes sense. The US spends very little, proportionally, on the poor and family benefits. If the market income of the poor can't increase to cover the lack of supplemental income then it would make sense that they don't have as much money.
Last edited by Huehuecoyotl; 02-17-2016 at 03:05 PM.