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Lognormal extrapolation and income estimation for poor black families

Article Abstract:

The income of poor black families may significantly be underestimated when percentile income estimates are made based on the assumption that income is uniformly distributed. This was gleaned from the results of a study comparing income estimates made on the assumption that incomes have a lognormal distribution and estimates made on the basis of a rectangular distribution. The rectangular assumption was found to result in inaccurate measures of income in the first income distribution interval.

Models, Evaluation, Finance, African Americans, Family, Lognormal distribution

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State per capita income convergence since 1950: sharecropping's demise and other influences

Article Abstract:

Studies show that income convergence since 1950 is not due to Southern industrialization, neoclassical adjustment mechanisms or institutional sclerosis. This phenomenon is attributed to several variables, including the end of sharecropping in the Southern states and the implementation of higher wage rates and educational programs. Of these variables, the collapse of the sharecropping system played the most crucial role in income convergence.

Supermarkets and Other Grocery (except Convenience) Stores, Grocery stores, Supermarkets, Analysis, Economic aspects, Southern States, Sharecropping

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