Download e-book for iPad: The Dream & the Nightmare: The Sixties' Legacy to the by Myron Magnet

By Myron Magnet

ISBN-10: 1893554023

ISBN-13: 9781893554023

Myron Magnet’s The Dream and the Nightmare argues that the novel transformation of yank tradition that came about within the Sixties introduced today’s underclassoverwhelmingly city, dismayingly minorityinto lifestyles. way of life experimentation one of the white center classification produced usually catastrophic alterations in attitudes towards marriage and parenting, the paintings ethic and dependency in these on the backside of the social ladder, and closed down their exits to the center class.

Texas Governor George W. Bush’s presidential crusade has highlighted the continued value of The Dream and the Nightmare. Bush learn the e-book ahead of his first crusade for governor in 1994, and, whilst he ultimately met Magnet in 1998, he said his debt to this paintings. Karl Rove, Bush’s significant political adviser, cites it as a highway map to the governor’s philosophy of compassionate conservatism.”

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Asset Poverty Lines: Structural versus Stochastic Poverty How can asset ownership complement consumption, or income data be a predictor of long-term welfare? To measure asset poverty requires using levels of assets to estimate either income directly or using a binary poverty status variable. Carter and May (2001), for instance, use an asset poverty line to complement income poverty lines and distinguish between structural and stochastic poverty. The structurally poor (or nonpoor) are those whose income and asset poverty levels match whereas the stochastically poor (or nonpoor) are those whose income and asset poverty levels do not match (if poor, their income is below their assets; if nonpoor, their income is above their assets).

In 2004 the household had moved out of both asset and income poverty as a result of Anna’s remittances from abroad. Her $20,000 earnings remitted over four years were a “positive” shock, providing family income support and the funds to upgrade and expand the family home, resulting in separate sleeping quarters for four of her five children and their families. Consumer durables are the second type of physical capital. The majority of families arrived with few durable assets; a radio and record player were the most common, and a black-and-white TV was a sign of real affluence.

The latter occurs when the independent (explanatory) and dependent (outcome) variables are linked in a way that is not specified in the model. For example, an explanatory or “treatment” variable such as migration may be itself directly caused by unobservable household characteristics (entrepreneurial spirit) that affect the dependent or outcome variable (household income). The model is misspecified because it should include immeasurable variable x but instead contains a measurable variable y. Because the discipline of anthropology includes the identification and analysis of intangible factors, it can enhance econometric analysis in several ways.

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