Nonlinearity in the Income Smoothing: Evidence for the US Counties
- Authors
- 송정석
- Issue Date
- 2010
- Publisher
- 한국자료분석학회
- Keywords
- Threshold regression; sample split; income smoothing; the US counties
- Citation
- Journal of The Korean Data Analysis Society, v.12, no.6, pp 2991 - 3007
- Pages
- 17
- Journal Title
- Journal of The Korean Data Analysis Society
- Volume
- 12
- Number
- 6
- Start Page
- 2991
- End Page
- 3007
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/36143
- ISSN
- 1229-2354
- Abstract
- 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.
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Collections - Graduate School > Department of Trade & Logistics > 1. Journal Articles
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