The Impact of Wealth Inequality on Economic Well-Being

Challenge ◽  
2007 ◽  
Vol 50 (4) ◽  
pp. 65-87 ◽  
Author(s):  
Edward Wolff ◽  
Ajit Zacharias
Keyword(s):  
Wealth Inequality ◽  
Well Being ◽  
The Impact ◽  
Economic Well Being

Food Expenditures and Economic Well-Being in Early Modern England

1983 ◽  
Vol 43 (1) ◽  
pp. 89-100 ◽  
Author(s):  
Carole Shammas
Keyword(s):  
Early Modern ◽  
Well Being ◽  
Early Modern England ◽  
Total Expenditure ◽  
Important Measure ◽  
Food Expenditures ◽  
Dietary Shifts ◽  
Food And Drink ◽  
The Impact ◽  
Economic Well Being

The proportion of a household's budget spent on diet has commonly served as an important measure of material welfare. This paper pulls together data concerning trends in food expenditures for early modern England and draws comparisons with figures for later periods. The usefulness of wage assessments, a new source for estimating the proportion of outlays devoted to diet, is examined. The impact on food expenditures of new commodities and other dietary shifts is also explored. The findings call into question earlier estimates of the proportion of total expenditure devoted to food and drink in the pre-industrial period and the assumption that food expenditures are always inelastic.

scholarly journals Did We Lose the War on Poverty?

1998 ◽  
Vol 12 (1) ◽  
pp. 79-96 ◽  
Author(s):  
Dale W Jorgenson
Keyword(s):  
Household Income ◽  
Well Being ◽  
War On Poverty ◽  
Support Programs ◽  
Accurate Assessment ◽  
Income Support ◽  
Poverty Level ◽  
The Impact ◽  
The U.S ◽  
Economic Well Being

Official U.S. poverty statistics based on household income imply that the proportion of the U.S. population below the poverty level reached a minimum in 1973, giving rise to the widespread impression that the elimination of poverty is impossible. By contrast, poverty estimates based on household consumption have fallen through 1989 and imply that the war on poverty was a success. This paper recommends replacing income by consumption in official estimates of poverty in order to obtain a more accurate assessment of the impact of income support programs and economic growth on the level and distribution of economic well-being among households.

scholarly journals Farmers’ Participation in Agritourism: Does It Affect the Bottom Line?

2013 ◽  
Vol 42 (3) ◽  
pp. 471-490 ◽  
Author(s):  
Hyunjeong Joo ◽  
Aditya R. Khanal ◽  
Ashok K. Mishra
Keyword(s):  
Well Being ◽  
Farm Income ◽  
Small Scale ◽  
Bottom Line ◽  
Alternative Source ◽  
Large Farm ◽  
Household Incomes ◽  
On Farm ◽  
The Impact ◽  
Economic Well Being

Agritourism is an alternative source of farm income. We examine farmers’ participation in agritourism activities to assess the impact of participation on farm household income and return to assets using a large farm-level survey. The results reveal that older, educated, and female operators are more likely to participate in agritourism. However, government subsidies and the population of the county are negatively correlated with agritourism. Of the types of farm operations examined, small-scale farms that involved agritourism generated the greatest household incomes and returns to assets. For operators of small farms, agritourism can boost the economic well-being of farm households.

Economic persistence despite adverse policies: Evidence from Kyrgyzstan

2021 ◽  
Author(s):  
Catherine Guirkinger ◽  
Gani Aldashev ◽  
Alisher Aldashev ◽  
Mate Fodor
Keyword(s):  
20Th Century ◽  
Wealth Inequality ◽  
Well Being ◽  
Early 20Th Century ◽  
Material Wealth ◽  
Long Run ◽  
Generational Transmission ◽  
Relative Status ◽  
Geographic Sorting ◽  
Economic Well Being

Abstract We study the long-run persistence of relative economic well-being under adverse government policies using a combination of historical and contemporaneous data from Kyrgyzstan. After controlling for unobservable local effects, the economic well-being of Kyrgyz households in the 2010s correlates with the early 20th-century average wealth of their tribes. Inequality at the tribe level in the 2010s correlates with wealth inequality in the early 20th century. The likely channels of persistence are the inter-generational transmission of human capital, relative status, political power, and cultural traits. Transmission of material wealth, differences in natural endowments, or geographic sorting cannot explain persistence.

scholarly journals Contextualizing the COVID-19 Era in Puerto Rico: Compounding Disasters and Parallel Pandemics

2020 ◽  
Author(s):  
Catherine García ◽  
Fernando I Rivera ◽  
Marc A Garcia ◽  
Giovani Burgos ◽  
María P Aranda
Keyword(s):  
Older Adults ◽  
Health Care ◽  
Puerto Rico ◽  
Puerto Rican ◽  
Debt Crisis ◽  
Wealth Inequality ◽  
Well Being ◽  
Research Report ◽  
The Impact ◽  
Health And Well Being

Abstract Objectives The COVID-19 outbreak has worsened the ongoing economic crisis in Puerto Rico by creating “parallel pandemics” that exacerbate socioeconomic and health inequalities experienced by its most vulnerable residents. Unfortunately, conditions on the island have been largely overlooked by national media outlets and the mainland U.S. population. Thus, this research report aims to draw attention to the disparate burden multiple and compounding disasters have on older island-dwelling Puerto Rican adults’ health and well-being. Methods We characterize the lived experiences of the older population in Puerto Rico by incorporating data from multiple sources and contextualizing the effects of compounding disasters, the fiscal pandemic, and health care challenges to provide a more nuanced portrait of existing compounding factors that negatively affect the health and well-being of older adults in the era of COVID-19. Results We highlight 2 main factors that exacerbate pre-pandemic inequities experienced by the older adult population amid the COVID-19 pandemic in Puerto Rico: (a) the impact of multiple and compounding disasters; and (b) health care challenges. Discussion The human suffering of the Puerto Rican population is compounded by the consequences of fiscal austerity, increasing levels of income and wealth inequality, the debt crisis, significant emigration, and a dysfunctional health care system. Future governmental actions are required to lessen the burden of parallel pandemics on older adults in Puerto Rico.

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