Journal of Economic and Social Measurement - Volume 15, issue 3-4

Authors: Blake, David

Article Type: Research Article

Abstract: This paper examines the investments and returns of UK private sector pension funds during the period of UK exchange controls. The main findings are that over the period i) 50% of private sector pension funds' wealth was in UK shares, UK …bond holdings fell from 40% to 26%, UK property holdings rose from 3% to 16%, overseas asset holdings were unimportant; ii) the total real return on the portfolio was just over 1% p.a. and that only UK property, loans and shares had positive average real returns; iii) the pension funds generally purchase assets to hold on a long term basis, not for their short-term capital gain potential; iv) the actual investment performance of UK private sector pension funds barely dominated that of a non-traded portfolio. Show more

DOI: 10.3233/JEM-1989-153-401

Citation: Journal of Economic and Social Measurement, vol. 15, no. 3-4, pp. 181-224, 1989

Authors: Orr, Blair | Buongiorno, Joseph

Article Type: Research Article

Abstract: Employment data for small geographic areas such as counties are often published only as ranges, to avoid disclosing information pertaining to a specific firm. This paper presents a procedure to reduce the range of employment data published by the U.S. …Bureau of the Census. The procedure involves two stages, the first one uses the published employment range together with data on the number of firms by size-class to make a first reduction in the range of employment in an industry and area. The second stage reduces that range further by using data from other industries in the same area. An example of the complete procedure is given. The results of applying the procedure to all two-digit industries in counties of six different states are also reported. Show more

DOI: 10.3233/JEM-1989-153-402

Citation: Journal of Economic and Social Measurement, vol. 15, no. 3-4, pp. 225-235, 1989

Authors: Garner, Thesia I. | Zieschang, Kimberley D. | Miller, Richard D.

Article Type: Research Article

Abstract: The Consumer Expenditure (CE) Survey data are a collection of detailed consumer expenditures, income, and consumer unit characteristics. The data set is a rich source of information available to researchers conducting economic analysis. The purpose of this paper is to provide an overview of the projects being undertaken at the Bureau of Labor Statistics in which these data are being utilized and to suggest directions for future research. The paper focuses primarily on the …estimation of aggregate statistics, index numer reseach, econometric modeling, and survey research methodology. Topics addressed include: weighting, moving-weight price indexes, price indexes for demographic subgroups, interarea price indexes, tax and price indexes, demand analysis, statistical and econometric techniques, the econometrics of panel data, income and consumption distributions, cognitive research, composite estimation, non-normal distribution testing, and data imputation. Noted are changes in the survey methodology, which were introduced with the Continuing Consumer Expenditure Survey, and topics, within statistical methods, which focus on improving the measurement of CE variables. Show more

DOI: 10.3233/JEM-1989-153-403

Citation: Journal of Economic and Social Measurement, vol. 15, no. 3-4, pp. 237-279, 1989

Authors: Cohen, Steven B. | Johnson, Ayah E. | Carlson, Barbara Lepidus

Article Type: Research Article

Abstract: The Household Component of the National Medical Expenditure Survey (NMES) was designed to provide unbiased national estimates of the health care utilization, expenditures, sources of payment and health insurance coverage for the U.S. civilian noninstitutionalized population. The same panel of households were contacted four times over the course of the survey to obtain data on their health care experience for 1987. Furthermore, an additional screening interview was conducted in the …fall of 1986 to permit the oversampling of population subgroups of particular health policy interest: blacks, Hispanics, the poor and near poor, the elderly, and the functionally impaired. Due to the panel design of the survey, the NMES experienced two distinct forms of nonresponse: complete nonresponse and partial nonresponse, where sample participants did not respond for their entire period of sample eligibility. In this paper, the characteristics of the NMES part-year respondents are contrasted with those of the complete respondents. The investigation includes an analysis of the effects of alternative nonresponse adjustment strategies for compensating for partial nonresponse. Show more

DOI: 10.3233/JEM-1989-153-404

Citation: Journal of Economic and Social Measurement, vol. 15, no. 3-4, pp. 281-299, 1989

Article Type: Other

DOI: 10.3233/JEM-1989-153-405

Citation: Journal of Economic and Social Measurement, vol. 15, no. 3-4, pp. 301-301, 1989

Article Type: Other

DOI: 10.3233/JEM-1989-153-406

Citation: Journal of Economic and Social Measurement, vol. 15, no. 3-4, pp. 302-302, 1989