Fundamental accrued capital gains and the measurement of top incomes: an application to Chile

Most previous studies of income inequality have either ignored capital gains or have used taxable realized capital gains to estimate top incomes. Neither of these approaches is fully satisfactory. We apply for the first time a new methodology that allows us to account for fundamental accrued capital gains as part of the top incomes in a theoretically consistent manner. We estimate the shares of the super-rich in Chile showing that accrued capital gains have a large impact on these estimates. Also, the top income shares estimated using fundamental capital gains appear to exhibit a more stable and presumably more plausible time profile than estimates based on capital gains derived from asset market variations.     

Within inequality characteristics and adaptation of immigrants in the United States

Until recently, in works of literature, the assimilation of immigrants had been viewed as an individualistic rather than a community-based process. However, Hatton and Leigh (2011) showed that immigrants integrate to their host country as communities, not as individuals; hence, group characteristics play as much of a role as individual characteristics in terms of adaptation. This paper introduces another dimension to the immigrant adaptation proxies that reflect community-based characteristics. The fundamental assertion of this paper is that inequality can be used as a proxy of adaptation within immigrant groups. Immigrant groups that exhibit income and education distributions similar to those of the natives can be regarded as well-adapted groups, while those who exhibit vastly different distributions should be considered to be groups with limited adaptation. Using the American Community Survey (ACS) 2010 cohort, this paper presents the initial findings of the within-group inequality of immigrants. Then, a cross-sectional regression analysis is employed to analyze the determinants of inequality across these immigrant groups. The results suggest that immigrant community-based characteristics, such as average income, education, and number of years that the immigrants have spent in the US, can indeed explain most of the variation in inequality.     

Dynamic modelling of long-term care decisions

This paper describes and analyzes research on the dynamics of long-term care and the policy relevance of identifying the sources of persistence in caregiving arrangements (including the effect of dynamics on parameter estimates, implications for family welfare, parent welfare, child welfare, and cost of government programs). We discuss sources and causes of observed persistence in caregiving arrangements including inertia/state dependence (confounded by unobserved heterogeneity) and costs of changing caregivers. We comment on causes of dynamics including learning/human capital accumulation; burnout; and game-playing. We suggest how to deal with endogenous geography; dynamics in discrete and continuous choices; and equilibrium issues (multiple equilibria, dynamic equilibria). We also present an overview of commonly used longitudinal data sets and evaluate their relative advantages/disadvantages. We also discuss other data issues related to noisy measures of wealth and family structure. Finally, we suggest some methods to handle econometric problems such as endogeneous geography.     

A global count of the extreme poor in 2012: data issues,methodology and initial results

The 2014 release of a new set of purchasing power parity (PPP) conversion factors (PPPs) for 2011 has prompted a revision of the World Bank’s international poverty line. In revising the line, we have sought to minimize changes to the real purchasing power of the earlier $1.25 line (in 2005 PPPs), so as to preserve the integrity of the goalposts for international targets such as the Sustainable Development Goals (SDGs) and the World Bank’s twin goals – which were set with respect to that line. In particular, the new line was obtained by inflating the same fifteen national poverty lines – originally used by Ravallion et al. (World Bank Econ. Rev. 23(2): 163–184 2009) to construct the $1.25 line – to 2011 prices in local currency units, and then converting them to US dollars using 2011 PPP conversion factors. With a small approximation, this procedure yields a new international poverty line of $1.90 per person per day. In combination with other changes described in the paper, this revision leads to relatively small changes in global poverty incidence for 2011: from 14.5 % using the old method to 14.1 % using the new method. In 2012, the new reference year for the global count, we find 12.7 % of the world’s population, or 897 million people, are living in extreme poverty. There are changes in the regional composition of poverty, but they are also relatively small. This paper documents methodological decisions taken in the process of updating both the poverty line and the consumption and income distributions at the country level, including issues of inter-temporal and spatial price adjustments. It also describes various caveats and limitations of the approach taken.     

Internationalist Challenges: Antiglobalisation,Occupy, and Indignados

Subaltern classes' internationalism has a long history. The 1990s and first decade of the twenty-first century saw the rise of a new internationalism because of the emergence of the antiglobalisation movement. It was a short-lived movement, but that gave birth to a new set of strong internationalist activity. In 2011, there emerged a new international wave of protest by both the Indignados and the Occupy movements. These new movements, however, have developed relatively low levels of cross-border activity compared to the antiglobalisation movement, although it has brought a new internationalist drive.     

The FARSEEING real-world fall repository: a large-scale collaborative database to collect and share sensor signals from real-world falls

Background

Real-world fall events objectively measured by body-worn sensors can improve the understanding of fall events in older people. However, these events are rare and hence challenging to capture. Therefore, the FARSEEING (FAll Repository for the design of Smart and sElf-adaptive Environments prolonging Independent livinG) consortium and associated partners started to build up a meta-database of real-world falls.

Results

Between January 2012 and December 2015 more than 300 real-world fall events have been recorded. This is currently the largest collection of real-world fall data recorded with inertial sensors. A signal processing and fall verification procedure has been developed and applied to the data. Since the end of 2015, 208 verified real-world fall events are available for analyses. The fall events have been recorded within several studies, with different methods, and in different populations. All sensor signals include at least accelerometer measurements and 58 % additionally include gyroscope and magnetometer measurements. The collection of data is ongoing and open to further partners contributing with fall signals. The FARSEEING consortium also aims to share the collected real-world falls data with other researchers on request.

Conclusions

The FARSEEING meta-database will help to improve the understanding of falls and enable new approaches in fall risk assessment, fall prevention, and fall detection in both aging and disease.

     

Der Einfluss der Gruppengröße auf die Aktivität von Parteimitgliedern

In this paper, we aim to test Olson’s (The logic of collective action: Public goods and the theory of groups, Cambridge, Harvard University Press, 1965) assumptions of group size effects on free-riding tendencies in political parties. Multilevel analyses of the Deutsche Parteimitgliederstudie (German Party Membership Study) 2009 reveal that for members of the CDU, CSU, SPD, FDP and Bündnis 90/Die Grünen, the assumed negative relationship between the number of party members in the district association and their individual level of activity can only be shown for the eastern states of Germany. Moreover, we show that selective incentives are not suitable for reducing the negative impact of a increasing membership figure, while normative incentives are associated with an increasing free-riding tendency with increasing number of members in the western and eastern Bundesländer. Our results only partly support the assumptions on collective action problems and point to a need for further theoretical and empirical research on group size effects and on the role incentives’ play in explaining the activity in political parties.     

Kontexteffekte in Familien – Angleichung von Paaren und intergenerationale Transmission am Beispiel Religiosität

The present contribution shows conceptual and methodological approaches for the study of social context effects within families. Family members mutually constitute the social context in which family behavior and personality development take place. Social influence in families becomes evident empirically in family members’ significant similarity concerning a wide variety of characteristics. The present study focuses on intrafamily convergence with regard to religiousness. In an empirical illustration, both (a) horizontal intracouple alignment and (b) vertical intergenerational transmission processes are examined. Besides the finding that experiences during religious socialization in the parental home have a stronger impact than partner influences in adulthood, our analyses show that social context effects are more pronounced the stronger the cohesion of the respective interaction dyad is (e.g., according to measures of relationship quality).