Nonlinearity in the Income Smoothing: Evidence for the US Counties

• 발행기관: 한국자료분석학회
• 저자명: Jeongseok Song
• 간행물 정보: 『Journal of The Korean Data Analysis Society (JKDAS)』Vol.12 No.6, 2991~3007쪽, 전체 17쪽
• 주제분류: 자연과학 > 통계학
• 파일형태: PDF
• 발행일자: 2010.12.30

영문 초록

This paper explores income smoothing pattern for the US counties by considering nonlinear manner. We apply threshold regression method to the income smoothing measure invented by Asdrubali, Sorensen, and Yosha(1996). It is found that the income smoothing across the US counties is not uniform but rather distinguishable when per capita earning by place of work is taken as a threshold variable. The evidence for nonlinear income smoothing is observed for all the channels via social insurance, cross-country commuting, capital market, and personal transfer. Our finding implies that the US income smoothing policies or systems should be differently considered depending on per capita earning of the concerned regions.

목차

1. Introduction

2. Methodology and Data

3. Main Findings and Discussion

4. Summary and Conclusion

References

키워드

Threshold regression sample split income smoothing the US counties