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Sastry's 10-year study of New Orleans Katrina evacuees shows demographic differences between returning and nonreturning

Stafford says less educated, smaller investors more likely to sell off stock and lock in losses during market downturn

Chen says job fit, job happiness can be achieved over time

Highlights

Deirdre Bloome wins ASA award for work on racial inequality and intergenerational transmission

Bob Willis awarded 2015 Jacob Mincer Award for Lifetime Contributions to the Field of Labor Economics

David Lam is new director of Institute for Social Research

Elizabeth Bruch wins Robert Merton Prize for paper in analytic sociology

Next Brown Bag

Monday, Oct 12
Joe Grengs, Policy & Planning for Social Equity in Transportation

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The Variance of Population Characteristics in Stable Populations, with Applications to the Distribution of Income

Publication Abstract

Lam, David. 1984. "The Variance of Population Characteristics in Stable Populations, with Applications to the Distribution of Income." Population Studies, 38(1): 117-27.

Stable population theory has recently been used to analyse the effects of changes in fertility and mortality on economic variables such as income per head. In this paper more general results are derived to describe the effects of changing vital rates on the variance and higher moments of the distribution of some age-dependent variable. Simple analytical expressions are derived which decompose the effects of changes in age structure into the effects on inter-cohort and intra-cohort variance. The results are easily applied to standard measures of the distribution of income. By combining the analytical results with actual age profiles of income and income variance from the United States and Brazil it is observed that both the magnitude and direction of the effects of population growth on measured inequality are sensitive to the specific age profiles used. The most surprising result is that the Brazilian age profiles suggest that higher growth rates may actually reduce measured inequality, although the effect is relatively small.

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