A New Measure of Economic Vulnerability for Better Policymaking – Creating a Household Living Budget at the Census Tract Level Using Publicly Available Data.
The importance of household budgets is hard to overstate, given their relevance for informing social issues such as minimum wage, targeted basic income, and measures of economic deprivation. The budget components must be relevant at small geographic levels to be effective. Previously, data of suffic...
| Publicado en: | Statistics & Public Policy Vol. 12; no. 1; pp. 1 - 15 |
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| Autores principales: | , , , |
| Formato: | Artículo |
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Taylor & Francis Ltd
Dec2025
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=190411198&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 190411198 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 2330443X GQIB jtl: Statistics & Public Policy issn: 2330443X maglogo: N pubinfo: dt: Dec2025 vid: 12 iid: 1 pid: 377 pub: Taylor & Francis Ltd artinfo: ui: 190411198 10.1080/2330443X.2025.2562800 ppf: 1 ppct: 14 formats: tig: atl: A New Measure of Economic Vulnerability for Better Policymaking – Creating a Household Living Budget at the Census Tract Level Using Publicly Available Data. aug: au: Lancaster, Vicki A. Montalvo, Cesar Salvo, Joseph J. Shipp, Stephanie affil: Biocomplexity Institute, Social Decision Analytics Division, University of Virginia, Arlington, Virginia su: Washington Metropolitan Area Household budgets Minimum wage Social problems Economic equilibrium Living wage movement Neighborhoods Financial stress Government information sug: subj: Household budgets Minimum wage Social problems Economic equilibrium Living wage movement Neighborhoods Washington Metropolitan Area Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors Financial stress Government information keyword: Administrative data Federal poverty guidelines Iterative proportional fitting Official poverty measures Small area synthetic population Administrative data Federal poverty guidelines Iterative proportional fitting Official poverty measures Small area synthetic population ab: The importance of household budgets is hard to overstate, given their relevance for informing social issues such as minimum wage, targeted basic income, and measures of economic deprivation. The budget components must be relevant at small geographic levels to be effective. Previously, data of sufficient quality and geographic coverage to quantify adequacy standards were unavailable. Using publicly available data, it is now possible to construct budgets for different household combinations within census tracts. We define this Household Living Budget (HLB) as the income necessary to meet a household's needs and function at a modest yet adequate standard of living. That is the minimum income needed to unlock opportunities and provide choices to participate in society. It is a benchmark against poverty. The budget components include housing, food, transportation, healthcare, childcare, broadband, and other necessities such as clothing, household supplies, personal care, nonprescription medicine, and school supplies, and federal and state income taxes. The HLB assumes the total cost of each need without government subsidies or nonprofit or informal assistance. Finally, using small area synthetic populations for households in Washington, DC, we demonstrate how component adequacy standards change for various household combinations as a percentage of the HLB and compare the living wage calculated using HLB to the Washington, DC minimum wage. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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