Close
About
FAQ
Home
Collections
Login
USC Login
Register
0
Selected
Invert selection
Deselect all
Deselect all
Click here to refresh results
Click here to refresh results
USC
/
Digital Library
/
University of Southern California Dissertations and Theses
/
Measurement error in income and consumption data and economic mobility
(USC Thesis Other)
Measurement error in income and consumption data and economic mobility
PDF
Download
Share
Open document
Flip pages
Contact Us
Contact Us
Copy asset link
Request this asset
Transcript (if available)
Content
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easurement Error Intentional Underreporting (or Over-reporting) Incorrect Recall Non-classical Measurement Error Time- invariant Classical Measurement Error Non-classical Measurement Error Time- varying Time- invariant Time- varying Time- varying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~ 250 250 ~ 500 500 ~ 750 750 ~ 1000 1000 ~ 1500 1500 ~ 2000 2000 ~ 2500 2500 ~ 3500 3500~ Income/Consumption Categories Avg. Income Satisfaction Income Groups Consumption Groups => % @C 5 " % 0' (0 *"+ 0' #/C 0' 5 " % 0' (0 D; 0' ,--, ,--= ,--> ,--? % #/ " " " " " - =<- >7-?- =A- =7.=< =.- =7.;< =.> =7.A- ;1?=> =7.@. - R,?- =>@ =7.,? ,A@ =7<;? ,.- =7<>< ,.. =7<;@ ;1,;; =7<?? ,?- R?-- A@. =7@@< @A? =7@-> @>. =7@<; ?<= =7A-= ,1@A@ =7@@= ?-- RA?- @?> =7=-. @.? =7=>? @>= =7=@> @,= =7>-< ,1@;? =7=?@ A?- R;--- =;. =7;?> =<. =7;-? =.- =7;>; >-- =7;.? ;1>.< =7;>. ;--- R;?-- ,;= ,7.;; ,.; ,7<<A ==? ,7.;@ ==> =7--- ;1;A= ,7.=, ;?-- R,--- @? =7--- A< ,7A.? <. ,7AA? ;,- ,7<?- =?, ,7<>A ,--- R,?-- ,A ,7AA< =? ,7@?A >- ,7AA? ?A ,7<>, ;?. ,7AA> ,?-- R=?-- ;> ,7<?A ,= ,7<A- ,< ,7A;> ,. ,7@.- .> ,7A@@ =?-- => =7;A@ ,. ,7.@@ ,, =7;<, >; =7--- ;,@ =7-A; =?-- R>?-- ;@ =7;<< ;@ =7-@= ? ,7<-- ;A ,7@>A ?> ,7.>> >?-- R@?-- @ ,7=== A =7;>= A =7,<@ ;- =7>-- =- =7;-- @?-- R;---- < =7?-- , ,7?-- @ =7--- < =7--- ,> =7;,? ;----R > =7A?- > ,7?-- > =7A?- @ =7=== ;< =7=== % ,1<,; =7?;. ,1<@; =7>;< ,1<A@ =7>>= ,1<<- =7>@= ;;1>=< =7>@- =? % @C '/ #/C '/ 5 " % 0' (0 D; '/ ,--, ,--= ,--> ,--? % #/ " " " " " - ==- =7.A- ,>? =7.@A ,;- >7-A; ;A? >7->- .@- >7--> - R,?- ?A@ =7A>< ><= =7@?@ =.@ =7A@< >-, =7A,. ;1<?A =7A,> ,?- R?-- ?<> =7?.< ?=. =7?<; ?=. =7?.@ ?@; =7@,A ,1,,= =7@-; ?-- RA?- ?@A =7>@@ ?,; =7=-. ?;- =7>=; >@. =7?;> ,1-@A =7>,. A?- R;--- =?, =7=>A >,, =7=?? >A> =7=>, >?= =7=.? ;1A-; =7=@- ;--- R;?-- ;?, =7,;A ,-- =7,;- ,@= =7,=@ =>- =7,A> .?? =7,>; ;?-- R,--- ;,@ =7;-= ;A. =7;=> ;@A =7,>- ;.A =7;;A @@. =7;>. ,--- R,?-- <A =7;,@ .A ,7.@. ;>, =7-,; ;;- =7;@> >=@ =7-@A ,?-- R=?-- =A =7-,A ?< ,7<.A <> ,7.>- << =7;=@ ,@A =7--A =?-- ;,A ,7.., ;A= ,7.;. ;.A ,7.>. ,-- ,7<<? @.A ,7.=; =?-- R>?-- @< =7--- <> =7-<= ;;- =7-;< ;-> ,7<<? =@@ ,7.., >?-- R@?-- ;@ ,7A?- =? ,7<,. ,@ ,7.,= >, =7-,> ;;. ,7.-< @?-- R;---- ,A =7--- >, ,7A<@ >< ,7<.@ >> ,7A.? ;@; ,7<?A ;----R ;@ =7;<< ;, ,7?-- ;= ,7@;? ;- ,7A-- ?; ,7A<> % ,1.=< =7?,? ,1.;A =7>;. ,1.<, =7>>= ,1..? =7>?A ;;1<=, =7>@; =@ % AC 5 " % 0' (0 *"+ 0' '/ #/ 0' #/C 0' 6 ' D, D;1 " D, 5 " % 0' (0 ,--, ,--= ,--> ,--? % 0' " " " " " RD;--- =- ,7<@A A, =7,-< AA =7-;= @- =7;@A ,=. =7-., D;--- R DA?- ,A =7--- ;. =7>,; =< =7-A. =? =7;A; ;;. =7;>= DA?- R D?-- <. =7=,@ @A =7,,> .= =7;<= .< =7,.@ =>A =7,?. D?-- R D>-- @? =7,AA >A =7=<= A< =7,-? ?A =7>,; ,>A =7=-< D>-- R D=-- <@ =7=<> A@ =7,<. ;-; =7,-< ;-- =7=,- =@= =7,.< D=-- R D,-- ;?, =7>;> ;=; =7><. ;?A =7=<, ;>= =7>;= ?<= =7>,, D,-- R D;-- ,>; =7>?@ ,=@ =7>A? ,>; =7>=, ,=, =7=<> .?- =7>=A D;-- R D?- ;A= =7?@@ ;=< =7=>; ;?A =7;<? ;@@ =7>=> @=> =7=<< D?- R - =;, =7>A; =-- =7?@A ,.A =7>=< =-; =7>?? ;1,;- =7><= - ,,- >7-@< ,,, >7-.- ,?? =7.?A ,@@ =7.=, .@= >7--@ - R ?- ,?? =7?>. ,,@ =7>A= ,,A =7>.< ,?, =7><< .@- =7?-= ?- R ;-- ,>- =7><= ,;? =7>?@ ,;= =7>?? ,,< =7=>, <.@ =7>=> ;-- R ,-- =;< =7?.; =<@ =7>.- ==. =7=<= =;; =7=@- ;1=?> =7>?A ,-- R =-- ;<A =7??@ ,=; =7??< ;.A =7=?? ,-- =7>;? <;? =7>A> =-- R >-- ;,; =7A@- ;?; =7?@= ;,, =7=.= ;,? =7?@< ?;. =7?A- >-- R ?-- A< =7@-= ., =7?-- A, =7><@ <= =7,@? =,? =7>@, ?-- R @-- ;-= =7??= ;,? =7>A, ;-> =7>A; .. =7>>> >=; =7><? @-- R ;--- >, =7@;. ?> =7>@= == =7>,> >; =7=.- ;A- =7>A@ ;--- R <, =7?<? A= =7,>A A? =7=@- <= =7;-< =;= =7=,@ % ,1<,; =7?>< ,1<@; =7?;= ,1<A@ =7>,- ,1<<- =7>=. ;;1>=< =7><- =A % AC '/ #/C '/ 6 ' D, D;1 " D, 5 " % 0' (0 ,--, ,--= ,--> ,--? % '/ " " " " " RD;--- A =7,<@ . =7??@ < ,7?-- @ ,7@@A =- =7-== D;--- R DA?- < =7@,? @ =7?-- A =7--- ;= =7--- => =7,=? DA?- R D?-- ;> =7>,. ;. =7-?= >= =7,-. ,. =7,A@ ;-? =7,,. D?-- R D>-- ;A =7=?= ,> =7,-< =- =7>@A =< =7=@< ;-. =7=?< D>-- R D=-- @, =7>?, ?= =7-.> ?= =7;<. A= =7>=< ,>; =7=;; D=-- R D,-- .; =7>@, ;-> =7=@? ;>. =7=<. ;@@ =7,>A ?;- =7=?; D,-- R D;-- =-A =7>A@ ,<. =7?-, =-; =7==@ =?< =7>;= ;1,?? =7>=- D;-- R D?- ,=; =7?.= ,@A =7@=A ,<< =7?;A =,= =7>.? ;1;-. =7??? D?- R - ><= =7@?< >>> =7@;A >?, =7?-, >A, =7>.@ ;1<?; =7?@. - R ?- >-. =7@<A =?; =7?<> =., =7>@> =<; =7?,< ;1?== =7?@A ?- R ;-- =<, =7@=@ =>- =7?A; =>< =7?=, =.? =7>.@ ;1>@? =7??< ;-- R ,-- >.@ =7>.@ ?,= =7??= >A< =7>;, >;= =7>>= ;1.;- =7>A. ,-- R =-- ,,? =7?-, ,>- =7>., ,-. =7=?> ;@? =7=== <=. =7>,. =-- R >-- ;;? =7=-> ;;; =7=>, ;-- =7,A- <= =7>;- >-. =7=,< >-- R ?-- =< =7--- @; =7,;= ?= =7,,@ =< ,7<.? ;.- =7;;; ?-- R @-- =? =7;;> >A =7=;. >< =7,?- ,@ =7,=; ;?@ =7,=A @-- R ;--- > =7,?- ;. ,7.>A ;, =7--- . ,7<<. >> ,7.AA ;--- R ;> =7=?A ;- ,7<-- ;; ,7.-. A =7,<@ >, =7-.? % ,1.=< =7??; ,1.;A =7?;. ,1.<, =7>,- ,1..? =7>=@ ;;1<=, =7><; =< 6 9%5%/5// % %5% ( 9% $ 7 0 0 ( % %5% 6%% 9/% %7 0 & :0 41 4 0 ( 5% ( 9% D ' 0% 6 % 0' (0 :0 'D5 '' 0' 0'/7 ' D0%0% '' 'D51 'D5 '' ' '7 (1 '' 0% 6 % 0' (07 " % 0' D (0 ' % / 6 '' 1 ' 0 ( 0 '' / 0' * 0'/+ D 0' (0 :7 %4% 0 0' (0 '6 %&5(00 : / ( '7 ,= 5% ( 0 *0+ / '/7 "651 '/1 % %5% ( ' ' % 0 0(%%7 % $1 0' (0 0D %6 %'D5'':0'*77 ( L +7 5 %1 0' (0 ' 0% 6 :0)*77 ( L +1 6 0 ' / % 0' 0'/ 04 * 1 ;..A+7 ! 9'/%1 0 D //% 6 5 * /5+ 0' 04 /0% ' %4% / 0' (0 * (0+7 (1 % 0' (0 % 0 ( 9% ' ( '% 6 0 'D5 '' 7 % E (0 % 0' 2051 //% %4% / 6 5 %5% ( 0' ( 0I ' % 6 0' ,= 3 0%%0 (0 5% /05% 4 M0 0' (0D M7 =. 0' (0 5 ' 6 % / ' *%1 ;..@+7 ' 9/% 6 0' (0 3 5 '0 5 '7 0 ( 0%% 0' (0 0 /1 % % // (' 9% ' 7 ,> "651 0' (0 %% '7 0'(05%'*;1;+/0&0 6 % 5% *;+ /0&07 *;1;+ '% 0% 6 0 %4%/0' 041 1 0% 6 0' (0 7 (1 % 0' (0 9% ' ( *;1;+ '%7 ' 6 : ( ' 0'/C 0% 9% ' 90% 5% 1 9' 6 *;+ /0&0 % 20 (5 ( *;1;+7 ,7>7, 9' :0 ( ' 6 6 ' 'D5 '' ( ' *;+ *;1;+ /0&07 ! 1 ( :0 ( ' ' 0%0%1 6%% :0 %(7 "' 7 ,? & ( 'D5 '' 7 %% %D 5 / ,> 0% 0H0 ( 0' (0 6 7?-1 7>=1 7=A 7=? ( /05%7 ,? K "' 6 H0 # ' 6 '' 01 /% /5 50 ( :0 ( 6 ' :0 ( 50 ( '7 >- %% / 1 6D/ % / 5% /// '1 6 % %5 / 7 (1 ( 0%:066':': '/ 90 ( 'D5 '' 1 20 '/ ( 'D5 '' 0' * 0'/+7 "651( ''* + ) * + (%%6 &D '55/0 %0'/'1 :06 ' ( * + $ 0% 90% * +0 ('D5''7 1 0 6%% 7 % ' % 'D5 '' % *;+ /0 ) 7 "'69'*;+*;1;+/0&07 %% %5 / ! ( ' 0% 0' (0 6%% % ' % 5% %% / 1 5% %5 / 0 ( 0' (0 7 >; (1 *;+ /0&0 6% 20 /5 ' 0' (0 &0% :7 ! '1 % 9' ( 'D5 '' D %% 0% 5 'D5 '' 97 0% 00% 0 ( % $1 6 0 '4 /% ( 9D 0 ( 'D5 '' 1 0% %%0%7 ( /% 'D5 ''%%0%1%$0%6 :D 0 % 0'/ * ( L + 5% 9 5% '7 ! 9'/%1 D/ % / 5% 'D5 '' *77 +7 ( ( ( L "651 ( 9% $ % (% "' 0% %% 0% ) 7 %% %5 / ( "' ( % /0 ( 'D5 '' % $ 5% % %% / 1 9% $ %6 5% %% %5 / 7 (1 0'/ 6 6':('06 'D5 ''%%0%7 0(%%$1 0 ( % 9% $7 01 6D/ % / 5% 90% (' ( % $ 0 90 ( >, 'D5 '' '7 ( ' :1 %% / 6% 207 ,7>7= 0'/ :0 ( % 0'/ '% *;-+ *;;+1 6 0 & (L 10()*77 (L + 'D5 '' *77 ( L +7 5% D 5)''0&/% 1 50 ( 0 ' ( '/7 /0&0%% 6 '40 '/ '/ / 0%% 1 50 0 /% &7 1 !" !" *;,+ '/ '/% % '' 0 ( :0 % 0'/ 'C " " *;=+ " " *;>+ " *;?+ '' 0 '' 0 0% ( *( 9'/%1 0+1 % & '' 0 0 ' 0 ( %5% ' /7 '''0* +'/00%'" " (' 5& ) /% ' 0H0 % 7 "651 50 % D5 0 ' >= 5 '7 0 ' 6 0 0 /' " " D57 ,@ 1 // ( ( 0 '7 0'/D 5 & 6 '0 '' / 5 % 6 '/ '' 7 ,7? % ,7?7; % % ) * + ' 6 & :0 % 6 5 ''1 / ( /5 % 7 % < / ' ( %5% '% 6 & :0I '% 5% *$+7 1 ' 0H0 7?, 7@, D /05%1 6 0 0 :0 ( / 0' 0 0' :0 ( / 0'/ 0 0'/7 %% 05 5 9/0 ' ' * + 057 "651 $ ' % ( 5 '' D / 0' 0'/ '7 ( '1 D/ % ( %E (0 % 0'1 91 6% /5 0 '7 $ ' %5% '% ( ( 0' 0'/ 5 ' *7A< 7.? /05%+ ( %7 ( /% % 0%0% '' 1 ' 6% /%%1 $ % ,@ 0 ' ' 0'/%0 0 //97 >> % <C 0 ' 6 ! :0 / $% 0' 0'/ $ $ 0' -7?,=@SSS -7A<;.SSS *-7--A.+ *-7-,<;+ 0'/ -7@;.=SSS -7.?>>SSS *-7--@.+ *-7-,@A+ " % B -7-A.=SSS -7-@-=SSS D-7-?<<SSS D-7-,,;SSS *-7-;@@+ *-7-;A,+ *-7--=A+ *-7--?;+ % 5 @? D-7>,<@SSS D-7;@=@ D-7;@=@SSS -7--,@ *-7;,.;+ *-7;@@.+ *-7-,<;+ *-7-=<@+ !'% 5 ?? D-7.<=<SSS D-7??=<SSS D-7;--ASSS -7--,@ *-7-.,<+ *-7;,?A+ *-7-,--+ *-7-,?<+ 9 ( D-7;;-> -7-;.A D-7-;>< D-7---= *-7-A=,+ *-7-.@?+ *-7-;?.+ *-7-;..+ 0 ( -7-,>=SSS -7-;;-SS -7-,-@SSS -7--=?S *-7-->?+ *-7--?=+ *-7--;-+ *-7--;<+ % '' -7-?=@ -7-->? -7--@A D-7-;@=S *-7-=A,+ *-7->;-+ *-7--<;+ *-7--<<+ / '' D-7;-;, D-7-?;; -7-;,; -7-;>? *-7-@,.+ *-7-A<>+ *-7-;=A+ *-7-;A?+ ( -7-<A?SSS -7-=.>SSS -7-;>ASSS -7-->- *-7-;-;+ *-7-;,A+ *-7--,,+ *-7--=-+ ) ( D-7---.SSS D-7--->SSS D-7---;SSS D-7---;S *-7---;+ *-7---;+ *-7----+ *-7----+ '' *,--,+ D-7-,-, -7->>, -7---= -7-?><SSS *-7->=?+ *-7->@;+ *-7--.?+ *-7-;;>+ '' *,--=+ D-7;;@>SSS D-7-.A<SS D-7--,; -7-,-;SS *-7->=;+ *-7->>>+ *-7--.>+ *-7-;-;+ '' *,-->+ D-7-@>? D-7->>< D-7-,<@SSS D-7-,?-SSS *-7->,.+ *-7->>;+ *-7--.=+ *-7--.?+ -7?=-=S -7;>,. ,7->;.SSS -7,.?;S *-7,.-;+ *-7=,?>+ *-7-A,?+ *-7;@--+ D) -7?->? -7?A;> ;;1>=< ;;1>=< ;;1<=, ;;1<=, $C 0' (0 ( "DK / SSS &0 ;G1 SS &0 ?G1 S &0 ;-G >? % .C ! *0+ ' 6 ! :0 / $% 0' 0'/ " % B -7-AA@SSS D-7;-<.SSS *-7-;A.+ *-7--?;+ % 5 @? D-7.A@=SSS D-7><@ASSS *-7;.-<+ *-7->-,+ !'% 5 ?? D;7@<??SSS D-7=;,>SSS *-7;=;=+ *-7-,<A+ 9 ( D-7><?ASSS D-7-=<; *-7;->-+ *-7-,>,+ 0 ( -7-;><SS -7->,>SSS *-7--?<+ *-7--;>+ % '' -7,A=>SSS -7-<A@SSS *-7->;@+ *-7-;--+ / '' D-7;-,< -7-;=> *-7-<@A+ *-7-,-.+ ( -7;.@,SSS -7-=>-SSS *-7-;,A+ *-7--,.+ ) ( D-7--,-SSS D-7---=SSS *-7---;+ *-7----+ '' *,--,+ D-7,-.ASSS D-7;?;ASSS *-7->.,+ *-7-;,-+ '' *,--=+ D-7;-<>SS D-7-A=.SSS *-7->A@+ *-7-;;A+ '' *,-->+ D-7-.,@S D-7-;=? *-7-><@+ *-7-;;>+ >7,>,<SSS ?7<@,>SSS *-7=@,<+ *-7-<<=+ 0' (0 D-7A@.@SSS D-7;A..SSS *-7-,=<+ *-7--?@+ D) -7=@>; -7=,@? ;;1>=< ;;1<=, "DK / ! 0 ( ( ( ' SSS &0 ;G1 SS &0 ?G1 S &0 ;-G >@ 6%00( ('0%0% ''7 ( ' 06 7 "651 %1 $ ' %5% '% 0 0 (05%'0%6 '5%D 0%0% '' %5% '%7 ( /0 ' 5%1 ( 9'/%1 ' /5 5 '1 6 0 %4% / 5'7(//%6 /5''%4%&6 0'1 64 5(0'1 %0'(0 6%%0%6 '7 '%'0//% ( 0'/ '07 1 D0%0% '' / 0'0%6 0'%(1'%0%6 0' (07 (1 ')%(95% %5% '%7 ! :0 /5 /% ' 5% /5 'D 5% ' 'D57 % ;- ;; / ' % ( &D:0 '%7 % ;- / ' ( ( 0''01 %;;/ ( (0'/'07 "651 &:046%'D55 D 'D5 '' 7 &D:0 '% ' D 5 5 ' ( (0'0'/1 ' % 0 0 %% ' 'D5 'D '%00%%/5%9/% 5%7 00(0 16D/%B' (''*#+ 7 !1 ( ( 0' '01 ' ( &D:0 '% % 9% $1 6D D/ % 0' (01 >A % ;-C 6D/ # ' ( ! :0 ( ( 0' '0 / 5%C ' 0' K $ 9% $ 9% % $ *;+ *,+ *=+ *>+ 0' D-7=..,SSS -7?;>=SS -7;><;SSS -7>,@@SSS *-7-;>=+ *-7,@;.+ *-7-,?=+ *-7;=@?+ " % B -7-A@=S -7-@=A -7-@.; -7-??- *-7->?@+ *-7-@=?+ *-7-?=;+ *-7-@;=+ % 5 @? D-7-.>, D-7;@<; D-7>=?; D-7,.., *-7=?,,+ *-7??=;+ *-7>=<@+ *-7?,AA+ !'% 5 ?? D-7.@@.SSS D-7?=.A D-7A?A.SS D-7@=.AS *-7,A=.+ *-7>;,?+ *-7=,,<+ *-7=<>;+ 9 ( D-7;-;? D-7==,= D-7;-.A D-7,A>? *-7,.?=+ *-7>?-;+ *-7=><.+ *-7>;=.+ 0 ( -7-..;SSS -7-@@; -7-.,-SS -7-A,- *-7-=A,+ *-7-?=?+ *-7->;;+ *-7-><<+ % '' -7-,?, -7;@;. -7;;A= -7;<.< *-7;>@,+ *-7,@?<+ *-7,-,-+ *-7,?;?+ / '' -7>-,>S -7=A@> -7=,A; -7=>A= *-7,;@?+ *-7=;?>+ *-7,?.A+ *-7=-,A+ ( -7,,@>SSS -7;,;, -7;;?>SS -7;-==S *-7-?,.+ *-7-A<?+ *-7-?-,+ *-7-?A,+ ) ( D-7--;.SSS D-7---. D-7---<S D-7---< *-7---?+ *-7---A+ *-7---?+ *-7---@+ '' *,--,+ -7;;?.SSS -7;->,SS -7;;-<SSS -7;;-?SSS *-7-,<=+ *-7->,?+ *-7-=,=+ *-7-=.@+ '' *,--=+ -7-?;< D-7-,>, -7-,=A D-7--=. *-7-=;.+ *-7->;@+ *-7-=-.+ *-7-=?@+ '' *,-->+ -7--,= D-7-;@, -7-,,@ D-7---< *-7-,A,+ *-7->-,+ *-7-=--+ *-7-=@>+ D) -7;A, " 8 0 -7-A ,=7-> .7<, ;;1>=< ;;1>=< ;;1>=< ;;1>=< %% 05 & :0 * + 9% $C 0' (0 ( D, D= % $ *=+C % 0' D,1 D= % % $ *>+C % 0' D= % 6D/ # ' ( $ '% SSS &0 ;G1 SS &0 ?G1 S &0 ;-G >< % ;;C 6D/ # ' ( ! :0 ( ( 0'/ '0 / 5%C ' 0'/ K $ 9% $ 9% % $ *;+ *,+ *=+ *>+ 0'/ D-7,.<?SSS -7>;=?SSS -7;<;-SSS -7>-<>SSS *-7-;-,+ *-7-@,,+ *-7-,?-+ *-7-?.,+ " % B D-7,==>SSS D-7,.<ASSS D-7,A<-SSS D-7,.?.SSS *-7-;-?+ *-7-;=A+ *-7-;;A+ *-7-;=?+ % 5 @? D-7--@. -7-=;? -7-,;? -7-><, *-7-@=@+ *-7-.A-+ *-7-<,>+ *-7-.>@+ !'% 5 ?? -7->?. -7;??-SS -7;,@-SS -7;?A,SS *-7-?,=+ *-7-@..+ *-7-@-.+ *-7-@.-+ 9 ( -7-=;A -7-;-? -7->-? -7-;;. *-7-@@.+ *-7-AA,+ *-7-A--+ *-7-A@?+ 0 ( -7-=;@SSS -7-;-. -7-,?,SS -7-;,@ *-7--<?+ *-7-;=-+ *-7-;-A+ *-7-;,<+ % '' D-7-;-@ D-7-,=? D-7-,>? D-7-,A@ *-7->>;+ *-7-?@,+ *-7->..+ *-7-??<+ / '' -7;=<ASSS -7-.>?S -7;,;-SSS -7-.?@S *-7->;A+ *-7-?-@+ *-7->?A+ *-7-?->+ ( -7->;-SSS -7--=A -7-=>>SSS -7--@- *-7-;?<+ *-7-;>.+ *-7-;,-+ *-7-;>,+ ) ( D-7---=S -7---- D-7---,SS D-7---; *-7---;+ *-7---;+ *-7---;+ *-7---;+ '' *,--,+ -7-=A=SSS -7-;<<SS -7-,-,SSS -7-;<;SS *-7--@;+ *-7--<,+ *-7--A=+ *-7--<;+ '' *,--=+ -7-?<?SSS -7-;..SSS -7-=;>SSS -7-,;=SSS *-7--@A+ *-7--A@+ *-7--@@+ *-7--A>+ '' *,-->+ -7-,@;SSS D-7--<= -7--;; D-7--.> *-7--??+ *-7--AA+ *-7--@=+ *-7--A?+ D) -7,-<< " 8 0 -7A> =;7< <7.= ;;1<=, ;;1<=, ;;1<=, ;;1<=, %% 05 & :0 * + 9% $C "" 0' (0 ( D, D= % $ *=+C % 0'/ D,1 D= % % $ *>+C % 0'/7 D= % 6D/ # ' ( $ '% SSS &0 ;G1 SS &0 ?G1 S &0 ;-G >. 6 0 0 5 6 '/ %% 0D % 'D5 '' 1 7?; &0 ?G %5%7 K %(%$ 9%$1 '( 7;?7>=/05% %$ 0% 90% I &0 ;G%5%7 '*7;?+%$ 0% 651 0 ( 9 'D5 '' 7 0 ' 00 ( /% (' 'D5 '' 7?; 7>=1 6 0 0'/ 7;? '/% 'D5 'D ' 6 B7 1 ' *7?; 7>=+ %6 ' *7A<+ ( $ 6 & :07 1 %5%$' %00(0%0%''1 (D 0%0% '' ' 5%7 'D5 '' 5 &0 0 ( /6 7 ,A '/ # %5% ' 0 0' :0 ( 5 'D5 '' : :0 ( 'D5 '' 7 6D/ # % ( 0'/ '0 6 '% /7 K % 9% $ 1 ' ( 7>; &0 ;G %5%7 ( % $ %% 1 ' 0H0 7;< 7>; ( ' % $ 0% 90% /05%7 % &0 ;G %5%7 (' ' *7;<+ 1 651 /%%(''D5''1 '/% 'D5 '' ' 6 B7 0D ' *7>;+ 6 0 ' 6 $ %6 ' *7.?+ ( $ 6 & :01 D ,A "651 00%% /60 $6 6 & :0 7 ?- 5 'D5 '' &0 0 ( /6 1 0' :0 ( : :0 ( 'D5 '' 7 K % # & 6D % ) *,+1 9' ( & (% 0 04 ( 64 '/%'7 0/&/ % ;, ;=7 51 % & ' 6 * % 9/% 5% / ( & :0 '%7 & ' 0 0% % 6 0 5 ' 5% ( ( % ' '1 6 % 6D / # ' 0% 0 %7 ' ( 0 ( $ 0&' ' H0% 0% 6 % :0 ( 0' 0'/ 0 05 5 7 %%D 0 * 0 ( %5% '%+ 0 ( $ 2% * %%+ &0 ;G %5% 0&' ' ' %0%6 :0 % 0' 0'/7 &D'9%$ 5 0;;7@;;A7?/05% ( 0' 0'/ '07 90% ( * + '4D0 / '0%%1 0 ( ' ;-7; @-7- ( % ( '7 ,< %% 0H0 ( ( $ % 5 9/0 7 & (' 6D/ # %% 'D5 '' 6B( (0'0'/'D 07 "651 ('% %('D5'' 5 /7 "' 9' 6 6 ' ,< % ( ' 0 4 5% ;- ( 64D&0 *1 8 41 ;..?+7 ?; % ;,C ! ' ( ! :0 ! 6D/ # ( ( 0' '0 / 5%C ' 0' 9% $ 9% % $ *,+ *=+ *>+ " % B -7-,A< D-7-=,A -7-;-< *-7->><+ *-7->@A+ *-7-?-;+ % 5 @? -7-<<A -7-?-. -7-;?; *-7>;;A+ *-7=.=-+ *-7>?;-+ !'% 5 ?? D-7><?.S D-7;,<? D-7,A<A *-7,<,,+ *-7,A?<+ *-7,<<=+ 9 ( -7;-,; D-7,?=> D-7->,@ *-7=?>;+ *-7=>@,+ *-7=A-?+ 0 ( -7---? -7-?;A -7-;,; *-7->@;+ *-7-?,-+ *-7-?;-+ % '' D-7;>@A D-7-?=> D-7,A-= *-7,,@=+ *-7;.AA+ *-7,;<.+ / '' -7--=, D-7;;?> D-7-,-, *-7,;-<+ *-7;..;+ *-7,,=,+ ( -7;-<;S -7=<.?SSS -7;><=SS *-7-@,A+ *-7-AA@+ *-7-A->+ ) ( D-7--;,SS D-7--=.SSS D-7--;@SS *-7---@+ *-7---A+ *-7---@+ '' *,--,+ -7--A? D-7-,.@ D-7-;<@ *-7-=,,+ *-7-=;;+ *-7-=?,+ '' *,--=+ -7-<?;SS -7-??>S -7-A<>SS *-7-=?.+ *-7-==>+ *-7-=A.+ '' *,-->+ -7-,?- -7--<> -7--,. *-7-,.<+ *-7-,A?+ *-7-=-A+ 0' (0 -7;-@ASSS -7-@?;SSS -7;>-,SSS *-7-,=-+ *-7-,;?+ *-7-,?=+ 0' (0 D-7-<A,SSS -7;=@;SSS D-7-A=@SSS *-7-,,,+ *-7-,;,+ *-7-,=.+ 0' D-7?,>ASSS *-7-;?<+ 0' -7,><@SSS D-7->,;SSS *-7-;?>+ *-7-;=?+ 0' -7;??.SSS -7--<? *-7-;,A+ *-7-;==+ ?, % ;,C / 5%C ' 0' 9% $ 9% % $ *,+ *=+ *>+ D) -7-->= -7,=;- -7--A= ! 0 ( ( ' ;;7?@ ,=@7>- ;-7-? */D5%+ *-7----+ *-7----+ *-7----+ ;;1>=< ;-1=;, ;-1=;, "DK / ! 0 ( ( ( ' SSS &0 ;G1 SS &0 ?G1 S &0 ;-G :'/'D5''0%% :7 % ;> / % ( "' 7 :0 6 ' 0H0 ( * + 7,A. * 7,,A+1 ( :0 7;=> * 7-?>+7 :0 0%% &0 %5%1 620 %% / ( 'D5'' ( 0'0'/7 % ;? / ' ( *;1;+ /0&0 /05% ( D 0' 0'/1 0/ & / % ;@7 ' ( '% ( *;1;+ /0&0 7,< 7>- /05%7 ' 0% ' ( '% ( *;+ /0&07 ('%"'9'6 ' *;+ *;1;+ /0&0 0%% :1 % ;A / %7 % 6 (% 20 *;+ /0&0 (5( *;1;+/0&07 '1 %// 'D5 '' 0' * 0'/+1 0 :0 6 ' 0H0 ( * + $ 0% 90% ?= % ;=C ! ' ( ! :0 ! 6D/ # ! ( 0'/ '0 / 5%C ' 0'/ 9% $ 9% % $ *,+ *=+ *>+ " % B -7;-@;SSS -7;,?.SSS -7;-=?SSS *-7-;;-+ *-7--.<+ *-7-;;>+ % 5 @? D-7-><= D-7-A,. D-7->,< *-7-<;,+ *-7-@<=+ *-7-<-.+ !'% 5 ?? D-7;<@,SSS D-7;<-@SSS D-7;<;-SSS *-7-?AA+ *-7-?;.+ *-7-?.>+ 9 ( D-7;;<-S D-7-.,. D-7;,@=S *-7-@@.+ *-7-@;=+ *-7-@<?+ 0 ( D-7-;-@ D-7-->, D-7-;-- *-7-;;;+ *-7--.;+ *-7-;;-+ % '' -7-,@? -7-><< -7-=-; *-7->.,+ *-7->>;+ *-7->.?+ / '' -7-,=, D-7--=- -7-,,= *-7->,?+ *-7->-A+ *-7->>;+ ( -7->>;SSS -7-@@;SSS -7-><@SSS *-7-;>>+ *-7-;=>+ *-7-;?-+ ) ( D-7---?SSS D-7---@SSS D-7---?SSS *-7---;+ *-7---;+ *-7---;+ '' *,--,+ -7-,>>SSS -7-,;;SSS -7-,;?SSS *-7--@<+ *-7--@,+ *-7--@.+ '' *,--=+ -7-@-ASSS -7-?>ASSS -7-?@@SSS *-7--A@+ *-7--A;+ *-7--A.+ '' *,-->+ -7-?->SSS -7-?=>SSS -7->A>SSS *-7--@,+ *-7--?A+ *-7--@>+ 0' (0 -7-;--SS -7-,-<SSS -7-;-ASS *-7--><+ *-7-->A+ *-7--?=+ 0' (0 -7-;=>SSS -7-=><SSS -7-;A<SSS *-7-->A+ *-7-->A+ *-7--?=+ 0'/ D-7>=,<SSS *-7-;-A+ 0'/ -7,,A=SSS D-7-=?<SSS *-7-;-=+ *-7--.,+ 0'/ -7;.>=SSS -7-==-SSS *-7--.A+ *-7--.>+ ?> % ;=C / 5%C ' 0'/ 9% $ 9% % $ *,+ *=+ *>+ D) -7-?,@ -7,=>? -7-?=> ! 0 ( ( ' ;;A7>@ =<>7?= ?.7. */D5%+ *-7----+ *-7----+ *-7----+ ;;1<=, ;;1>=? ;;1>=? "DK / ! 0 ( ( ( ' SSS &0 ;G1 SS &0 ?G1 S &0 ;-G * +0% 5 *;1;+ 6 'D5 '' 7 % ;A % / % ( "' 6 0 %% 'D5'' /0'0'/%% 0%7 ( % $ 9% $ 5 0 ' 0'/ ' % 9% $7 :0 7-<< ( 0' '0 7--? ( 0'/ '01 ( :0 %5% *7,,> 7-;,- /05%+7 ,7?7, 0'/ 0'/ 5 ( 'D5 '' (' ( ) 7 0 /5 01 '' 0 ( :0 % 0'/ ' 0'''0* +' / ( 57 ?? % ;>C "' 1 ( 'D5 '' ' % 5 % 0' '0 ; , -7>,@@ -7;><; -7,A<? *-7;=@?+ *-7-,?=+ *-7;=>;+ '/ '0 = > -7>-<> -7;<;- -7,,A> *-7-?.,+ *-7-,?-+ *-7-?=A+ / ' ( %C ;7 %9%$C%0'D=%10'(0( D,D= ,7 %9%$C%0'D,1D=%10'(0( D,D= =7 %9%$C%0'/D=%10'(0( D,D= >7 %9%$C%0'/D,1D=%10'(0( D,D= ?@ % ;?C 6D/ # ' ( ! :01 *;1;+ / $% 0' 0'/ *;+ *,+ 0' -7,<-- *-7;<@-+ 0'/ -7=.A@SSS *-7-@-<+ " % B -7-?@; D-7,.><SSS *-7-?A=+ *-7-;=?+ % 5 @? D-7,@;, -7-?-, *-7><@?+ *-7-.>,+ !'% 5 ?? D-7A-,>S -7;?=;SS *-7=@=>+ *-7-@<.+ 9 ( D-7,;-- -7-;?, *-7=<A;+ *-7-A@>+ 0 ( -7-A<AS -7-;== *-7->?<+ *-7-;,A+ % '' -7;@=. D-7-,.- *-7,,<;+ *-7-??@+ / '' -7==<? -7-.?AS *-7,<;>+ *-7-?-,+ ( -7;;.?SS -7--A? *-7-??A+ *-7-;>=+ ) ( D-7---.S D-7---; *-7---?+ *-7---;+ '' *,--,+ -7;-.>SSS -7-;<>SS *-7-=@>+ *-7--<;+ '' *,--=+ -7--<- -7-,;<SSS *-7-=@-+ *-7--A>+ '' *,-->+ -7---? D-7--<< *-7-==<+ *-7--A?+ " 8 0 ;-7>, <7>. ;;1>=< ;;1<=, $C *;+ % 0' D= %1 0' (0 D= *,+ % 0'/ D= % 0' (0 D= SSS &0 ;G1 SS &0 ?G1 S &0 ;-G ?A % ;@C ! ' ( ! :0 ! *;1;+ / $% 0' '/ *;+ *,+ " % B -7-;;; -7;-==SSS *-7-?-;+ *-7-;;>+ % 5 @? D-7--@; D-7->>- *-7>>.<+ *-7-<-<+ !'% 5 ?? D-7,<;= D-7;<;?SSS *-7,<<,+ *-7-?.=+ 9 ( -7-;=? D-7;,=-S *-7=@.=+ *-7-@<?+ 0 ( -7-;<, D-7-;-- *-7-?-.+ *-7-;;-+ % '' D-7,A;< -7-=-, *-7,;@-+ *-7->.@+ / '' D-7--;? -7-,,. *-7,,-<+ *-7->>,+ ( -7;,.@S -7->A?SSS *-7-A-;+ *-7-;>.+ ) ( D-7--;=SS D-7---?SSS *-7---@+ *-7---;+ '' *,--,+ D-7--A< -7-,,>SSS *-7-=?=+ *-7--@.+ '' *,--=+ -7-<@@SS -7-?AASSS *-7-=<-+ *-7--A<+ '' *,-->+ -7---A -7->A@SSS *-7-=-A+ *-7--@>+ 0' (0 D= -7->>=SSS -7-,>=SSS *-7-;>=+ *-7-->,+ 0' 0'/ D= D-7-=>>SS D-7-=?.SSS *-7-;=>+ *-7--.,+ 0' 0'/ D> -7-;,, -7-=??SSS *-7-;==+ *-7--.>+ D) -7--=. -7-?=; ! 0 ( ( $ >7,@ A<7A? */D5%+ *-7--?;+ *-7----+ ;-1=;, ;;1>=? "DK / ! 0 ( ( ( ' SSS &0 ;G1 SS &0 ?G1 S &0 ;-G ?< % ;AC % "' ' % 5 % *;+ *;1;+ /0&0 *;+ /0&0 0' '0 , ; -7,<-- -7>,@@ D-7;>@@ *-7;<@-+ *-7;=@?+ *-7;,@=+ '/ '0 > = -7=.A@ -7>-<> D-7-;-< *-7-@-<+ *-7-?.,+ *-7-;=.+ *,+ % % ' 'D$ ' 0' '0 ? ; -7?;>= -7>,@@ -7-<AA *-7,@;.+ *-7;=@?+ *-7,,=?+ '/ '0 ? = -7>;=? -7>-<> -7--?; *-7-@,,+ *-7-?.,+ *-7-;.;+ / ' ( %C ;7 %9%$C%0'D=%10'(0( D,D= ,7 %9%$C%0'D=%10'(0( D= =7 %9%$C%0'/D=%10'(0( D,D= >7 %9%$C%0'/D=%10'(0( D= ?7 % 9% $C 0' (0 ( D, D= ?. 0'/ %;<7 !=%% 6 ('D5'')( 0'0'/D '07 ' 5'%(5%B7 5 ( '' ) /05%7.- ;7;- ( ( 0' '0 7,; 7;. ( ( 0'/ '07 %% 5 &0 ?G %5%7 5 ( 'D5 '' 5 ( )( 0'0'/'07 %// 56 'D5''9/0'0'/ % '7 "651 %1 5 ( 'D5 '' 6%% ( ) '0 % '% ( 0' '0 ( 0'/ '0 *7.- 5 7;. ( '' ;7;- 5 7,; ( ) +7 % 'D5 '' ' /5% 5 ' 0 % 0' 0'/1 06 /5 & *77 1 ;..A+7 %1 '0 5 ( ) ( ( %;<C 5(0 ' / ( ' ' 0' '/ ) " ;7;-> -7,;, *7,,;+ *7-=,+ ' " -7.-, -7;<A *7=@>+ *7-=;+ @- !=C$%B(0 ' 0 .5 1 1.5 2 -4 -2 0 2 4 x Income Consumption Time-varying Measurement Error 0 .5 1 1.5 2 -4 -2 0 2 4 x Income Dynamics Consumption Dynamics Equation Error ' 5 '% 6 ' B 50 '7 @; 0'0'/0'/'0// 56 %' 0'/ %5 0' (0 ( 047 ,7?7= 04 % ' &0 ( 'D5 '' :0 ( ' % $ 0% 90% 6D/ % /5%7 (1 ' ( %% $ 0( 'D5 '' ( % $ 5 64 ' /%'7 %( 0'% %$ / % ;.7 "651 (%1 6 % % $ 90% 5 0' '01 !D0 ( ' % ,- % ;7@A1 5% 64 ' /%'7 % ' % ( ' % 20 0H0 ( ( ' 2% B7 # ' ( D7-? &0 %5%7 ( 9% ' % % %7 01 % % % $ & 50 ( 64 ' /%'( (0'/'07 %,-1%( ( $1 !D0 (' ) *?A?7=, ;-;7A?+7 '( 7;?7>= %$0% 90% /05% &0 ;G7 "' 0&' :06 '7 :06 '0H0( 7,>@ &0 ;G %5% 6 7-?.7 % 20 %% / ( 'D5 '' 0'/7 @, % ;.C 6D/ # ' ( ! :0 ( ' % % $ / $% 0' 0'/ *;+ *,+ *=+ *>+ 0' -7;;,?SSS D-7-?;A *-7-,<?+ *-7,=A=+ 0'/ -7;@A?SSS -7>;=<SSS *-7-,<>+ *-7-@?<+ " % B -7-A-A -7-@>@ D-7,A@?SSS D-7,.?.SSS *-7-?,@+ *-7-?;,+ *-7-;;A+ *-7-;=A+ % 5 @? D-7,@A= D-7;@<@ -7-,,= -7-?;< *-7>=?=+ *-7>;.@+ *-7-<;<+ *-7-.>.+ !'% 5 ?? D-7A=<ASS D-7<>=,SS -7;;.ASS -7;?A@SS *-7=;<<+ *-7==-.+ *-7-@-<+ *-7-@.A+ 9 ( D-7;.., D-7;?=, -7->;< -7-;;, *-7=>?.+ *-7==.@+ *-7-@..+ *-7-AA;+ 0 ( -7-<;>SS -7-<A@SS -7-,@-SS -7-;,- *-7->-@+ *-7->-A+ *-7-;-A+ *-7-;=-+ % '' -7;;-@ -7-..A D-7-,@@ D-7-,A< *-7;.AA+ *-7;<..+ *-7->.A+ *-7-?@-+ / '' -7==-@ -7=@=@ -7;,,;SSS -7-.@?S *-7,?@?+ *-7,>A@+ *-7->??+ *-7-?-?+ ( -7;?,?SSS -7;AA<SSS -7-=@.SSS -7-->. *-7-?,=+ *-7-?<<+ *-7-;,>+ *-7-;>.+ ) ( D-7--;,SS D-7--;>SS D-7---,SS D-7---; *-7---?+ *-7---@+ *-7---;+ *-7---;+ '' *,--,+ -7;;-ASSS -7;-<ASSS -7-,-.SSS -7-;<-SS *-7-=;.+ *-7-=;>+ *-7--A,+ *-7--<;+ '' *,--=+ -7-,?. -7-,.< -7-=;.SSS -7-,;;SSS *-7-=-<+ *-7-=@=+ *-7--@@+ *-7--A?+ '' *,-->+ -7-;<@ -7--=? -7--;. D-7--.@ *-7-,.@+ *-7-,.<+ *-7--@=+ *-7--AA+ " 8 0 ;?7A; ;-7?- =-7-? A7.@ ;;1>=< ;;1>=< ;;1<=, ;;1<=, 9% $C 0' (0 ( D, D= % $C *=+ % 00 0'/ D,1 D= %1 *>+ % 00 0'/ D= % 6D/ # ' ( $ '% SSS &0 ;G1 SS &0 ?G1 S &0 ;-G @= % ,-C ! ' ( ! :0 ( ' % % $ / $% 0' '/ *;+ *,+ *=+ *>+ " % B D-7-=?; -7--.@ -7;,>-SSS -7;-,.SSS *-7->A>+ *-7-?-;+ *-7--..+ *-7-;;>+ % 5 @? D-7;A?? D-7-?<@ D-7-<<- D-7-?;= *-7>->=+ *-7>?;,+ *-7-@.>+ *-7-<;;+ !'% 5 ?? D-7-?<? D-7,@-. D-7;@.<SSS D-7;A?=SSS *-7,<>.+ *-7,.--+ *-7-?,=+ *-7-?.=+ 9 ( -7;-@, -7-.;, D-7-A,? D-7;;?;S *-7=>.>+ *-7=@<>+ *-7-@,>+ *-7-@<<+ 0 ( -7;;?,SS -7-==< D-7-->- D-7--.A *-7-?-.+ *-7-?-=+ *-7--.?+ *-7-;;,+ % '' D-7-A,@ D-7,A,, -7-><< -7-=-? *-7,;-?+ *-7,;A,+ *-7->>=+ *-7->.?+ / '' -7-<<- -7->>? -7-;=@ -7-=-@ *-7,--A+ *-7,,-<+ *-7->;,+ *-7->>,+ ( -7,,;;SSS -7-.>. -7-?-=SSS -7->-ASSS *-7-A?=+ *-7-A-=+ *-7-;=?+ *-7-;?-+ ) ( D-7--;<SSS D-7---. D-7---?SSS D-7--->SSS *-7---@+ *-7---@+ *-7---;+ *-7---;+ '' *,--,+ D-7---? D-7--,; -7-,A<SSS -7-,?-SSS *-7-=;@+ *-7-=?,+ *-7--@,+ *-7--@.+ '' *,--=+ -7-<,<SS -7-.;.SS -7-@?=SSS -7-@,-SSS *-7-=>-+ *-7-=<-+ *-7--A;+ *-7--A<+ '' *,-->+ -7-==; -7--A, -7-@;.SSS -7-?;.SSS *-7-,A<+ *-7-=-<+ *-7--?<+ *-7--@=+ 0' D, D-7><>ASSS *-7-;?<+ 0' D= -7,AA=SSS D-7-,,<S *-7-;?<+ *-7-;=-+ 0' D> -7;.,>SSS -7-,=?S *-7-;=-+ *-7-;,.+ 0'/ D, D-7>;<,SSS *-7-;-<+ 0'/ D= -7,=><SSS D-7-,A=SSS *-7-;->+ *-7--.,+ 0'/ D> -7,->=SSS -7->;-SSS *-7--.<+ *-7--.=+ @> % ,-C / $% 0' '/ *;+ *,+ *=+ *>+ D) -7,-@< -7-<-. -7,,,- -7-?-; ! 7 ( ( $ =,,7;= ;7@A ?A?7=, ;-;7A? */D5%+ *-7----+ *-7;<<-+ *-7----+ *-7----+ ;-1=;, ;-1=;, ;;1>=? ;;1>=? "DK / ! 0 ( ( ( ' SSS &0 ;G1 SS &0 ?G1 S &0 ;-G % '/ % 0'/ '01 % 0'/ /% '/D % 0 % %4% // % / 0' 047 *61 ;.<.I 4 1 ;..<I 6 %%1 ,--;+ (1 % 9/ 0''% 90% ( ( 0'/ '07 "651 ' % 0'/ 6 0 0% 9/ ( % 7 / 0/ % 0'/ 5% 90% % 9/ 0 % 00 D 5 0'/1 5% % 5%% 01 ( 1 (%%6 651 0 ( % 5%7 ,. % ( 6D/ # /5 % ( D 5( / ' 6 0 '/ % ( 'D5 '' ' ,. % ; >7 @? % ,;C 6D/ # ' ( ! :0 ( % '/ / 5%C ' 0'/ K $ 9% $ 9% % $ *;+ *,+ *=+ *>+ 0'/ D-7,A?ASSS -7>>@?SSS -7,=-=SSS -7>>>>SSS *-7--..+ *-7-?A,+ *-7-,<-+ *-7-?>.+ " % B D-7,=<-SSS D-7=-??SSS D-7,<@;SSS D-7=-?,SSS *-7-;->+ *-7-;=@+ *-7-;;<+ *-7-;=>+ % 5 @? -7---= -7-<-< -7-?A@ -7-A<, *-7-?<=+ *-7-A.>+ *-7-A-@+ *-7-A.=+ !'% 5 ?? -7->?? -7;>@=SS -7;;>.S -7;>?>SS *-7-?=?+ *-7-@.?+ *-7-@;?+ *-7-@<.+ 9 ( -7->=> -7--=> -7-?A< -7--@? *-7-@<>+ *-7-AA<+ *-7-@.A+ *-7-AA-+ 0 ( -7-=A?SSS -7-;-. -7-,<>SSS -7-;,> *-7--<@+ *-7-;==+ *-7-;;-+ *-7-;=-+ % '' D-7--?; D-7-;.< D-7-,,> D-7-,-. *-7->?@+ *-7-?@-+ *-7-?-=+ *-7-??<+ / '' -7;?=ASSS -7;;.;SS -7;>-@SSS -7;;<,SS *-7->-@+ *-7->.<+ *-7->?-+ *-7->.?+ ( -7->;>SSS D-7--@- -7-,@=SS D-7--?@ *-7-;@-+ *-7-;A;+ *-7-;=;+ *-7-;@;+ ) ( D-7---, -7---- D-7---; -7---- *-7---;+ *-7---,+ *-7---;+ *-7---;+ '' *,--,+ -7-?-;SSS -7--.? -7-;@.SS -7--.; *-7--@-+ *-7--<>+ *-7--A=+ *-7--<=+ '' *,--=+ -7-@,@SSS -7--@, -7-,-.SSS -7--@, *-7--@A+ *-7--A.+ *-7--@A+ *-7--A<+ '' *,-->+ -7-,>>SSS D-7-;.>SS D-7--.; D-7-,;;SSS *-7--??+ *-7--<-+ *-7--@@+ *-7--A<+ D) -7,-@, " 8 0 -7?, =;7;< >7;? ;;1@@; ;;1@@; ;;1@@; ;;1@@; % 0'/ 90% 9% $C 0' (0 ( D, D= % $C *=+ % 00 0'/ D,1 D= %1 *>+ % 00 0'/ D= % 6D/ # ' ( $ '% SSS &0 ;G1 SS &0 ?G1 S &0 ;-G @@ % ,,C ! ' ( ! :0 ( % '/ / 5%C ' 0'/ 9% $ 9% % $ *,+ *=+ *>+ " % B -7;-..SSS -7;==ASSS -7;;.-SSS *-7-;;-+ *-7-;=A+ *-7-;@-+ % 5 @? D-7-.<= D-7;->@ D-7;;=- *-7-A;>+ *-7-A.-+ *-7-.>=+ !'% 5 ?? D-7;A<=SSS D-7,=;.SSS D-7,?@?SSS *-7-@;;+ *-7-A=.+ *-7-<@,+ 9 ( D-7;-.< D-7;;-, D-7;>=AS *-7-A-<+ *-7-A<>+ *-7-A?,+ 0 ( D-7--<< -7--?- D-7--== *-7-;;,+ *-7-;,.+ *-7-;,>+ % '' -7-,.- -7-A@A -7->?> *-7-?;=+ *-7-?,.+ *-7-??.+ / '' -7---@ D-7-,.- -7-;<, *-7->=A+ *-7-?--+ *-7-?,.+ ( -7-?@ASSS -7-?,-SSS -7-;.- *-7-;<;+ *-7-;<<+ *-7-;>>+ ) ( D-7---@SSS D-7---@SSS D-7---=SSS *-7---,+ *-7---,+ *-7---;+ '' *,--,+ -7-?=>SSS -7---- -7---- *-7--@<+ *-7----+ *-7----+ '' *,--=+ -7-<>-SSS D=7><;=SSS D;7=A=,SSS *-7--A@+ *-7;@=>+ *-7;A-,+ '' *,-->+ -7-@,-SSS D;7A,-,SSS D-7@A;.SSS *-7--@,+ *-7-<,=+ *-7-<@;+ 0' (0 -7-;-?SS D-7-==>SSS D-7-->- *-7-->A+ *-7--@A+ *-7--A?+ 0' (0 -7-;@,SSS D-7-,=,SSS D-7--.. *-7-->A+ *-7--@@+ *-7--A@+ 0'/ D, D-7>.>-SSS *-7-;?@+ 0'/ D= -7;?A;SSS D-7-<<.SSS *-7-;><+ *-7-;>=+ 0'/ D> -7-.<@SSS D-7--@@ *-7-;=;+ *-7-;=.+ @A % ,,C 7 / 5%C ' 0'/ 9% $ 9% % $ *,+ *=+ *>+ D) -7-A>, -7,A,; -7-?@> ! 0 ( ( $ ;>,7=< ,,=7.< ;.7?< */D5%+ *-7----+ *-7----+ *-7----+ ;;1@@; ?1?,A ?1?,A % 0'/ 90% "DK / ! 0 ( ( ( ' SSS &0 ;G1 SS &0 ?G1 S &0 ;-G / ( 01 0'/ 5% 90% % 9/ 00 0 04 6 % 5 0 0 ( 0'/ 5%1 % / % ,;7 1 % ,, / 0/ & 7 ' %' ' 0 / 5%1 % ( "' 5 0 / 7 % / 0 3 : (' %04 ( ( 0'/ 01 9 %% :06 0%400%5%(9/* % ;+7 '0 !' 1 BD0' %1 % ' ( / 0/ % 0' 5% 4 ( 7 ' 0' 0% 00B ( % 5 7 % 0 04 00 6 % ,= / 5 @< % ,=C 5 ( ' 00 EE ( / / 5%1 % *0'F+ $ *;+ $ *,+ "' *;+ $ *=+ "' *,+ (7 (7 (7 # #; #D#; *#D#;+ #, #,D# *#,D#+ -7-? -7>A-? -7;>.. -7;>=< -7-,>. -7=,@A -7;>A< -7=?@- -7;.;> D-7;;>? -7;;.; -7;- -7>@-< -7;>AA -7;>>@ -7-,>. -7=;@; -7;>?@ -7==A; -7;.;, D-7;,=A -7;,;? -7;? -7>?>< -7;>@, -7;>?, -7-,?- -7=-.@ -7;>>; -7=,?. -7;.-. D-7;,.- -7;,,A -7,- -7>?-? -7;>?; -7;>?@ -7-,?- -7=->. -7;>,. -7=;<- -7;.-@ D-7;=,@ -7;,=@ -7,? -7>>A, -7;>>; -7;>?. -7-,?; -7=-;, -7;>;. -7=;;. -7;.-, D-7;=?, -7;,>, -7=- -7>>>> -7;>== -7;>@, -7-,?; -7,.<, -7;>;; -7=-A; -7;<.. D-7;=A= -7;,>@ -7=? -7>>,; -7;>,? -7;>@> -7-,?; -7,.?@ -7;>-= -7=-=; -7;<.? D-7;=<. -7;,>. -7>- -7>>-; -7;>;. -7;>@A -7-,?; -7,.=> -7;=.@ -7,..< -7;<., D-7;>-= -7;,?, -7>? -7>=<= -7;>;= -7;>@< -7-,?; -7,.;> -7;=.- -7,.@. -7;<<. D-7;>;> -7;,?> -7?- -7>=@A -7;>-A -7;>A- -7-,?, -7,<.A -7;=<> -7,.>= -7;<<@ D-7;>,> -7;,?@ -7?? -7>=?= -7;>-, -7;>A, -7-,?, -7,<<; -7;=A. -7,.,; -7;<<= D-7;>=, -7;,?A -7@- -7>=>- -7;=.A -7;>A= -7-,?, -7,<@A -7;=A> -7,.-, -7;<<- D-7;>=< -7;,?. -7@? -7>=,< -7;=., -7;>A> -7-,?, -7,<?> -7;=@. -7,<<> -7;<AA D-7;>>> -7;,@- -7A- -7>=;A -7;=<< -7;>A@ -7-,?, -7,<>, -7;=@? -7,<@< -7;<A? D-7;>>. -7;,@- -7A? -7>=-A -7;=<= -7;>AA -7-,?, -7,<=; -7;=@- -7,<?> -7;<A, D-7;>?= -7;,@; -7<- -7>,.< -7;=<- -7;>A< -7-,?, -7,<,- -7;=?@ -7,<>; -7;<@. D-7;>?A -7;,@; -7<? -7>,<. -7;=A@ -7;>A. -7-,?= -7,<;; -7;=?, -7,<,. -7;<@A D-7;>@- -7;,@, -7.- -7>,<; -7;=A, -7;><- -7-,?= -7,<-; -7;=>. -7,<;. -7;<@> D-7;>@, -7;,@, -7.? -7>,A= -7;=@. -7;><- -7-,?= -7,A.= -7;=>? -7,<-. -7;<@, D-7;>@? -7;,@, @. % ,=C $ *;+ $ *,+ "' *;+ $ *=+ "' *,+ (7 (7 (7 # #; #D#; *#D#;+ #, #,D# *#,D#+ ;7-- -7>,@@ -7;=@? -7;><; -7-,?= -7,A<? -7;=>, -7,<-- -7;<@- D-7;>@@ -7;,@= ;7-? -7>,?. -7;=@, -7;><, -7-,?= -7,AAA -7;==< -7,A.; -7;<?A D-7;>@< -7;,@= ;7;- -7>,?= -7;=?. -7;><= -7-,?= -7,AA- -7;==? -7,A<> -7;<?? D-7;>@. -7;,@= ;7;? -7>,>A -7;=?@ -7;><= -7-,?= -7,A@= -7;==, -7,AAA -7;<?= D-7;>A- -7;,@= ;7,- -7>,>; -7;=?= -7;><> -7-,?= -7,A?A -7;=,. -7,AA- -7;<?; D-7;>A; -7;,@= ;7,? -7>,=@ -7;=?- -7;><? -7-,?= -7,A?; -7;=,@ -7,A@> -7;<>. D-7;>A; -7;,@= ;7=- -7>,=- -7;=>A -7;><? -7-,?= -7,A>? -7;=,= -7,A?. -7;<>@ D-7;>A, -7;,@= ;7=? -7>,,? -7;=>? -7;><@ -7-,?> -7,A=. -7;=,; -7,A?> -7;<>> D-7;>A, -7;,@, ;7>- -7>,,; -7;=>, -7;><@ -7-,?> -7,A=> -7;=;< -7,A>. -7;<>, D-7;>A, -7;,@, ;7>? -7>,;@ -7;=>- -7;><A -7-,?> -7,A,. -7;=;? -7,A>? -7;<>- D-7;>A; -7;,@, ;7?- -7>,;, -7;==A -7;><< -7-,?> -7,A,> -7;=;= -7,A>; -7;<=. D-7;>A; -7;,@, ;7?? -7>,-A -7;==? -7;><< -7-,?> -7,A;. -7;=;- -7,A=A -7;<=A D-7;>A; -7;,@, ;7@- -7>,-= -7;==, -7;><< -7-,?> -7,A;? -7;=-< -7,A== -7;<=? D-7;>A- -7;,@; ;7@? -7>,-- -7;==- -7;><. -7-,?> -7,A;; -7;=-@ -7,A=- -7;<== D-7;>@. -7;,@; ;7A- -7>;.@ -7;=,< -7;><. -7-,?> -7,A-@ -7;=-= -7,A,A -7;<=; D-7;>@. -7;,@; ;7A? -7>;., -7;=,@ -7;>.- -7-,?> -7,A-, -7;=-; -7,A,> -7;<,. D-7;>@< -7;,@; ;7<- -7>;<. -7;=,= -7;>.- -7-,?> -7,@.. -7;,.. -7,A,, -7;<,< D-7;>@A -7;,@- ;7<? -7>;<? -7;=,; -7;>.; -7-,?> -7,@.? -7;,.A -7,A,- -7;<,@ D-7;>@@ -7;,@- ;7.- -7>;<, -7;=;. -7;>.; -7-,?> -7,@.; -7;,.? -7,A;A -7;<,> D-7;>@? -7;,@- A- % ,=C $ *;+ $ *,+ "' *;+ $ *=+ "' *,+ (7 (7 (7 # #; #D#; *#D#;+ #, #,D# *#,D#+ ;7.? -7>;A. -7;=;A -7;>.; -7-,?> -7,@<< -7;,., -7,A;? -7;<,, D-7;>@> -7;,?. ,7-- -7>;A@ -7;=;? -7;>., -7-,?> -7,@<> -7;,.- -7,A;> -7;<,; D-7;>@, -7;,?. "' *;+ ( 'D5 '' 1 *,+ ( *;1;+ /0&0 $ *;+C % 0' D= %1 0' (0 ( D, D= $ *,+C % 0' D,1 D= %1 0' (0 ( D, D= $ *=+C % 0' D= %1 0' (0 ( D= A; '7 '( 600 '(' -7-? ,1 % ( "' 0 7 %5% ( 0' ( 4 % ' 6 '0 D ( 0H0 7 46 ( 0' % /(0 4 % '7 "651 ' ( 6 % ( 4 % ' ( 0'/ 7 ,7@ 0% 0 / '/ B '/0 ( )%1 /0%% ( / 0'0'/7 ' 9' 90('D 5 '' 5 6 0 0'/ ( % 5 5 5% '/%7 ' ) % ( / ( /% 7 0' 0'/ ( % 6 / % % ' 6 '/ ( 'D5 '' ( ( 0' 0'/ '07 "651 5% ( % ' / 0 %5 ' ( /% 90 ( 'D5''7 ' 0(%1/0%%6 9% ' 5%% 5 /% 64 ' /%' 0 04 '% /0&07 ( 0 / ( '' *77 6 % 0%0% '' +1 ' '' 0 0'/ 'D5 'D5 0'/7 0'/ '4 /% 4 6 'D5 '' %%6 ' /%% '/ & :0 0/ D0%0% 'D ' 0'/7 )%1 /' 00 ( % A, 6 /% D0%0% '' 0 ' 'D 57 *;+ '%1 6 0 5 % '0 % / 6 0 /5 / 0/ 0' * 0'/+ 0% 5% 0'/ '% '0 (0 %7 "651 % % / 6 0 % 0' ' 7 0'0%%6( %''6% '0 (%(/%7 5 %%1 ' % '/0%% // 56 % 'D 5 '' / 0' 0'/1 6 0 ' //%()%//%5% '/0% 7 'D5'D ' '/ (0 % 6 B ' 0H0(0'0'/'01% 01'01 : 'D5 '' 0' 6 D 5 7 'D5 '' @? /0 ( /( ' 0' '0 ?? /0 0'/ '07 ( % 0 6 :0 ( 'D 5 '' 5 7 "651 ( 0' :0 ( 'D5 '' 5 D % /6 ' ( 0' 0'/ D '07 "651 % /% ( 5 (' 'D5'''4H0%5% /%:0( 'D5 '' 7 0%1 9' 01 :0 ( 'D5 '' 0'/%% A= 5 1 50 57 %1 01 /D %% 9 'D5 '' 1 /0%% 5 0'7 0 % '' (') (0 51 50( ('D5'' &1 ( ) 7 '4 /% 0'/ ' ( 50 'D5 '' ( 0' ( 0'/7 5 ( 'D5 '' D ' % ( ) ( 0' 0'/ '01 'D5 '' %7 D %1 5( 'D5'''0 % '% ( 0' '0 *7.+ ( 0'/ '0 *7,+1 D 'D5'''/5%5'0 % 0' 0'/7 5 ( ) %% % '% ( 0' '0 *;7;+ ( 0'/ '0 *7,+1 0 % ' 0'/ %5 0' (0 ( 041 ( 7 ' ( /%0 '/%01 % 'D5 'D ' ' 0 5 00 (0 ( /%0 /5 )% ( 0'7 % 6 %( ( 0 D 0' 0'/ 0 00 ( % E 0' 0'/7 1 '%6 0'D5'' & 0'0'/'0 %/1 ' ' 0'0 '%7 A> / = ' ( 5 0 6 =7; 0 5 '0 5 01 /6(% % D ' /5 '01 '5' ( /57 1 651 5 /% '' '0 5 /5 '01 % /0 ( '' 5 6% 046%7 0 / 9' 6 '' 5 0'/ /% /5 '0 ' % '0 ' 0'0 '%1 9/% 0 ' ( 7 5 '0 05 0 1 6 0 5%% ( /% 7 /5 '0 '/% 6 5% 6 0'0 6%( ( / '/5 5 '7 : //0 0/ : %5% ( /5 /0 % 5 %4% ) ( %%5 /57 00 5% ( /0 ( /51 0)%1 % 5 0' ' '/1 5 //0 ' ( /5 '0 5 5%/7 5 '0 0 05 ' /5 0 5 '7 0 00 ( : //% /7 /% (6 1 651 5 :0 ( '' /5/%10 '% A? /% 7 % *;..;+ ' '/% %% % ( '' /% ( ' / 0 ( /5 /%%7 4 %%6 *;.<@+1 ' D/ /%% ( /5 D/5 '' 1 6 0 0%% 7 =- D '%% 0 '' /5 % 0 // '5 //% 0 /5 %7 0#*;..?+'% 0'0% 90% '' ' /' 0% 5% 0'/ '% * 50 0'/ '%+ 50 %% K%% *;.A<+7 9' /5 '% 0' (' ( 0' '1 00% ' ( /' /5 ' '' 7 0% 10'/6'%0'C 6 6 ''7 =; "% 6/ :06/D % ( 0'/ 6 ''DD( '% 0' D'% 5 0' 6 0 /%% 0 ( '' 7 =, "651 /001 ' 5 00 /5 '0 '% 5 '' 7 / '/0 ( '' D =- %%6 *;.<@+ & ' 00 ( '' (0 ( ' ( '' 7 =; 0%5%0'/'%%%6 0'/ 50(0' 50 ( 5% 0'/ ( 5 0' 0% '' 6 0 '777 '%6(0' %50(0'0% 90% 50 ( '' 7 =, 0%1 ' *,--,+ $%% *,--=+ 5 :0 ( '' /5/%7 00 D(6%('* 0' 9/+'/%0'%''%(('57 "651 1 '% '' / ( 5 '1 5%/( D(9/0'7 ('%% 67 0%0% ' '' % / ( 9/ 0'7 A@ /%1 0'/ 5 '% ''DD( 0'/7 1 ''DD( 0'/ '% % % 0 /' '1 %%6 ( '' 1 (' 0 '% ( 0'/ '0 6 0 /0& 0 / 0/ % 0D '/ % % ' (0 ( % 5%7 ' ' % '0 % / 6 % 0 0'/ %%61 6 0& 0 ( '0 %% 0% 0'/D 04 %4 %% K%%E *;.A<+7 ' /' ( '% '' 1 % ( 6D/ %B ' ( '' *#+ 6 // ' ( & :D 01 1 ' & 0 /7 & :0 5 5 //0 I /' ' %%6 ( &9 :0 ( 'D5 '' ' 5% & :01 ' '' % ' :07 (' 30'%*3+ (' 7 % '0 5 6 0'/ /6 7 /0%1'' '&0'0'%(/57 %( % %% /5 ' ( ( /5 ' 0'/('37 "6516 '''5 '%D'%1 % ( % %% /5 ( ( /57 '( 0 /B(%%6C 0=7,56% /5 '0I 0 =7= / '/0% ' %I 0 =7> 0 I 0 =7? 6 &I 0 =7@ 00% 0 /7 AA =7, ( 5 '0 00 /55%/0 (05% 0 7 5 5 6 '0 /5 /1 '5' ( /5 5 ( % *# %%41 ;..=I 8% 5%%1 ;..<I 01;..<I%0 "1,---I%0 0%%0 1,---I 0 3 1 ,---+7 == 1 ' % 5 0% : (' /5 5 00 04 0 '5 ( /5 ( %5% / ( '7 ' %1 %5% (61 1 : (' /5 / %7 00%1' 5 60 0 /50:/( /50 5:'*8% 5%%1,---I0%%0 %0 1,---+7 => 0)01 0' 5 0D/5/%0(0 /(/50'H0 %%5/5 %(/%0 / ( /57 ! 9'/%1 %D' 5' ( / %4 0 %4% :05 ' 0 0 /51 6 % 0 %E % ( == %0 "E*,---+((%57 # T %%4*;..=+18% 5%%*;..<+1 0*;..<+1%0 0%%0 *,---+1 1 /1 4 /05%7 0 3 E *,---+ / 1 651 ( %5% /1 ;< ' 7 (0 % & 5% ( 0'/ %7 => 8% 5%% *;..<+ & O /5E /5 0 D'/% 5% 0'/ O0 0 /5E /5 / ' 0'/ 5 '7 00 D'/% /5 ' % E 0'/ '1 ' 0 0 /5 ' 6 ' 0'/ 5 '7 1 /5 ' 0 0 0 /5 (' /57 1 0'/ 0 %E /5 0 0 0'/1 0 6 5 6 '0 /5 /7 1 ' % 5 : / ( /5 091 & :7 E *;...+ 0 6 0% 0 0 /5 9'/%7 A< 0'/' /5 0% ( %4% ' '/ 0 /57 0 6 0 0 /5 % '/ 0 ' /%0 0 '4 0 / ( /5 67 0' %B /%0 0 0 00 ( /5 0 00%% / % ' 6//*5%%1;.<<+7 /50%5&0 0( :05(0 0/50/'1( 5 /5 01 0 0 % 'D *8% 5%%1 ;..<+7 0 % 5 / 5%% 0 5%D % %/ 0 /57 00 %0 "E *,---+ 561 ' %( ( % ' 5%/ 0 '' (%% /51 % 0 0%% /7 ' 5%% 04 %4 1 %%1 5 ' 0 /%07 (1 % 5' 6 4D0/ '0 ' 0 D 0 '/ ( / * 1 ;..;I ;..,+7 ( /5 'D 1 0'%B00 '0 %/0*5%%1 ;.<<+7 % / 6 0 % 0 00 5%% % ( /0&0 / %6 5%% *#%66 "%%1 ;..<+7 $%% % %4 0'/ ' 0 % (%% /56 %6%%' 0'/7 =? "D %5%/0/0%%:(' 0(000 /0 ( 5 6 01 5 ' H0% ' 0'/ ( / * 1 ;..;I ;..,+7 $%% 0D '/ ' ( / 5 95% ' 0 =? (0 %6%%56"*,--@+7 A. *B6 K%/1 ;..=I 61 ;..>I 0 1 ;..?I %'1 ;..@I 80 4&1 ;..<I 8% 5%%1 ;...I 0 3 1 ,---I U''' 1 ,--=I #% I ,--A+7 =@ % 5%% /5 '/% : 0 0 /51 ' 0 6 5%% 0 '4 /5 % %7 $%D %0'6 5%0 ////57 'D / 04 0 5 /' 0)0 ( 04 % 5% % *"1 ,--@+7 0'%5 '/0 ( ( 5 04 0 5 %D' 0)0 %4 /5 / *%0 "1 ,---+7 %(%0 5%59/%/5/7 " % 6 %6 6' ( ' 5 % % 0' 0 / %6D4 %6D 057 ' 00'% H0 5 D 051 6 0 0% 6 D 0'/* 01;..<IU'''1,--=I041,-->+7 =A B 90 ( /5 / 5 0' /%B1 6 0 5 1 % 0%%1 ( 007 =< 00%1 ' =@ 6 *;..>+ (%% 0 '% * 4D //+ %E 0'/ '0 V0 0' 041 0%% ( 5%% %5% 47 "651 & %% % 6%% 7 %' *;..@+ 5 : 0D '/ ' / 0' )%7 8% 5%% *;...+ % 9/% 6 /%6%% D/7 03 *,---+5 '/0 ( % 5%% 0'/ ' ( V0 5 %5% / 1 /5 % %4% '%7 1 U''' E *,--=+ '% 0'/ ' / ' : 6 / 0 0 / 4 ' 0'/ ' D 7 %6 1'(0'6% '0/5 *U''' 1 ,--=I %1 ,-->I 1 ,--@I "1 ,--@+7 =A "651 1 1 6 %E 0 5 %6 %5% 6 *03B K:1 ,--@+7 1 % ( %4 5' 0 /%0 % 6%% :0 5 9/% /5 / *6%1 %(1 ":1 ,--@+1 '/0% '0 %5% 5 5%/7 =< / *;.<@+1 2 6' *;..>+1 *;..@+1 / *;..A+ ( 0% '% ( /5 /1 ! K%( *;..>+1 K *,---+1 0%1 *,-->+ ( '% ( 0' /%B7 <- 0% 5'/ B%% /60%0' ( /% /5 /1 %%&0 50 *4 5%%1 ,-->I ' 03B1 ,--A+7 91 6 % /5 4 6 '0 /5 /D 7 $ ' ( /5 /0 6 ' 1 0 %% 5'00'( /0(/5 %% '7 ( 0 %%1 /0%1 0 '' ( 5 7 0 %% 0% 'D5 '5' ( /51 ) 6 & '' 7 =7= '/0% % =7=7; ' ( '9 # 6 6 0'/ 0% 0 (0 %' $ 6 0 0% /% % '5 0% ( 0'/ 5 % 6 0% % ( 0'/ 7 1 $ & '& & '& & '& *;@+ 6 & '& '& ''& '& 7 "1 / 0/ 0'/ ( % 0 '/ 7 "651 5 ' 5 5 0'/ 6 ''1 *;A+ <; 4' 1 ' '' 0'/ 'D5 'D5 0'/C *;<+ 0 %' $ ( '91 # 5 0'/ 0 : (' $ 7 5 6 $ : (' $ ( 9' 6 '0 '' '%D '%7 =7=7, '/ 0 ' //0 1 6 0 '% ( 0'/ '0 6 0 '% 0 / 0/ % 0'/ % % ' % (0 ( % 5%C " *;.+ 6 50 ( % '/ 0 5% ' / 0/ 'D/0&0 :01 'D5 5 ( % 7 "651 0/ '% 6 '' 1 ( D ) ;A ;< ) ;. " *,-+ ( ( ) %0'/1 ( *,;+ <, % ) * + ' ,- 5 '' 7 /0% %% *;..;+ ' 0'/ ( % 6 / ' % % 0 0'/ ( % 6 / 0% 6 'D5 'D ' 7 "651 0'/ ( % ' / 0 %% '7 (1 ' 0 / , 0% ' ) ,- /0%1 6D/ %B ' ( '' *#+ 6 0'/ ( % ' / 0' (0 5% ' ( & :0 ( ) ,-7 =. ) )% 9 '/ % / 5% 0 9 ( 9/% 5% 0% 7 1 *,,+ ) 1 1 %% / 5 'D5 5% 00 0'/ 047 ( 0 00/ ) 04('1 '/6%'% 0 / 0'/ ' 6% :0 7 # ' % ) '/ ( *,=+ '40 '/ ) ( ' ( ) ,-7 !:0%' 'D50'/(5 =. /5 0 / % *;1;+ /0&0 *;+ /0&07 (% 20 *;+ /0&07 <= '' 1 %%6 5 '4 '/ 'D5 '' ' ) ,-7 '%1 50( %/%& ( '40'/ ,> '/ / 0%% *1 ,--.+7 1 !" !" *,>+ 0'''0* +'6 ''0( :0 % 0'/ ' ( C >- " " *,?+ " " *,@+ " *,A+ (' /5 6D/ # ' /% '' 07 ' ( " " (' ' 6%% (' /5 ' 0'/ '%7 0'/ '% 0 6 " *,<+ 6 *,.+ >- 50 % D5 0 ' 5 '7 0 ' 0 /' D57 <> '% *( '467 ( 5 )0 ( ( 6 )" ( ,< ,. 0% 007 "651 1 % 5% % 0 % /20 ( C >; * *=-+ * *=;+ "1 %/20(:0%5%%0 /05%7 >, /% 5% &9 :0 7 % 0 ' '% 7 /%0 % 0 * *=,+ * *==+ ' ( * * 6 0 00 '/ ( 7 ' :0 '/ ' / 'D5 '' >; % /% / % 0 6 %5% ( 0'/ ' / (%06 :00'/7 "651/ % 0 :01 50 ( /20 ( % 0 0 0% ' 6 % %5% % 0 % 5 ( 0/ /20 7 >, /20 ' ( % 0 ( '0 /% '% 6 & // K'2 *,--,+7 <? '0%% '7 ) '/1 '/ % ) ( % 7 /20 =- =; '% '% ( ) ) 6 '%'/( /20 7 "1 '40 '/ % 7 1 " " *=>+ !1 ' 0 " (' 50 ( % ' ( =,1 + " *=?+ 6 + >= *=@+ "651 /20 00%6 :0) ,. )%1 0 D0 6B )% % %C " *=A+ 6 " ( >> *=<+ % )% 0 04 /% ' =? ' ( : ( %56 (%%6/7 !1+ , & 50 ( % '( == ( 'D5 >= % ' ' 5 ' 0% % 7 >> (' 9/ ( <@ 0'/ ( ( 1 + *=.+ , *>-+ /0%1 , '% (' ' ( ,- ( " " '7 0 , # ( # # # # " # " *>;+ "651 ( %0 1 0 6 ' ' 0 % ' ,- 0 ' / 1 , 6 5 ( , ( % 6 0 9 '( 'C , ( " " *>,+ 1 ( 6 & ) 6 46 50 + " *>=+ , *>>+ D5 ( 50 >= >> 5 0 ( "651 /20 0 % 0% 6 <A :0 ) 0 D0 6B )% % '/% " *>?+ 6 " ( >? *>@+ !%%1 ( + " , " + " *>A+ =7=7= 0 20 ( % 0 ( 0 % '% 6(''%6 507 ! 1 7 1 & % ( ! %5% % 01 =;1 %B 6 0 6 0 /20 (' %6 ( 0 )(' % '% 6 (' '% 6 50( )1" 7 K /20)1(0'/5 ' )%% 00 (' ) ,< ,.1 0/ /% 0%0%7 /% $ '5'%6 %/D 0 ' ( ' ( $ ( ' '/% $ ( //%7 5 ' '1 >? (' 9/ ( << 0%% 5'/%07 ('%''DD( 0'/6 '/10%''%0% '' 6 5 '% 7 =7> =7>7; $% '/% B ( 0'(' 30'% *3+1(';..<,--@7 1 651 0'/(5 /5'00'0'%7 0 5 0'/ ( '% /0%% 5%/ 0 0 0' 0 %% V0 % 5% 0 ' 0'/D % *!%1 ;..>I %0 "1,---+7 '/ % ' 0 // 5 % '' 1 6 0 0 /7 " % '/ $% 3 / % 9/ 6 ' C D / ( % ' % % 9/ % ) 05 %% 0'/ ' ' 0'' ' 1 6 0 % ( % 9/7 "651 5 ( %1 3 : (' %04( ( 0'/0I /% 5 %% 5 ' 0 ( 9/ 7 ' %4 5 D ' *+ 5 01 3 % ;; *( 0 65+ ,- *( 65+ 07 "D % 9/ 5 ' % 01 ( <. (%%6 657 5 0% 4 ( % % 0'/ 90% % ( & 657 % % % 0'/ / 0 ( ' ' %7 31 %% :0 6 D %5% ( 9/7 >@ % 6 % / B 0'/7 ( / 0/ % 0'/ 5% 4I 6 % 6 / B 0'/ 90%7 >A (6 '5 D/ 5 0'/ 0'/ 0'1 % 0%% ' 0 ( %04 ( 0' 0 ( /05 ) 0 ( /7 (0 0'/ 4 / 0 % % % 'D ' 7 9/01 /5 0 / & 0'/ 5% 3'6 7 $% ( % 0 00 0%% ( 0 ' 0D '/ '%7 0% % B1 (0 ( %% //%1 0% %5% ( ( %1 9 ( ( %1 ( ( % )1 %0% 0 6 6 / %1 D/ 0 6 6 % 0 6( 7 %% 0% 5% 97 ' 0 / % ,>7 6D/ # ' ( ) ,- % ( % E '(0 %0'9%'7 >@ % ; 0 0 /7 >A '/ 05 67 .- 5% 0' (' / ( 0 % ) O 6 '0 & 6 % 0'E10 5%/0D 0((0;?0%16 M;M5& M?M5&7 601 (1 ' (07 ) 4 5% %5% ( 0 90/ ( & 657 4 & 0 /1 0' (0 5% (% 9% D '7 ' 90% ( 6D/ % / 5% (' ( % $ ' 0 64 ' /%'1 0 %%6 ( '' 7 9% ' %/ 5 7 0 & :0 41 4 0 ( 5% ( 9% D ' 0% 6 % 0' (0 :0 'D5 '' 0' 0'/7 ' D0%0% '' 'D51 'D5 '' ' '7 (1 '' 0% 6 % 0' (07 " % 0' D (0 ' % / 6 '' 1 ' 0 ( 0 '' / 0' * 0'/+ D 0' (0 :7 %4% 0 0' (0 '6 %&5(00:/('7 "651 %%5%( '0 0(%%7 0'(0 0%6 %'D5'':0 ' *77 ( L +7 5 %1 0' (0 ' 0%6 :0)*77 ( L +1 6 0 ' / % 0' 0'/ 04 * 1 ;..A+7 ! 9'/%1 0 //% 6 5 * /5+ 0' 04 /0% '%4%/0'(0*(0+7 (1 % .; % ,>C '' 0 D 5 $% ,--- ,--; ,--, ,--= ,--> ,--? */ 0/ 0'/+ ?7<A ?7.@ @7-@ @7;, @7;= @7;A *-7?@+ *-7?A+ *-7?@+ *-7??+ *-7?=+ *-7?>+ " % B =7?= =7?. =7>> =7>- =7=@ =7,< *;7=>+ *;7=@+ *;7=;+ *;7=;+ *;7=,+ *;7=,+ % 5 @? -7-? -7-? -7-@ -7-@ -7-A -7-< *-7;>+ *-7;>+ *-7;@+ *-7;A+ *-7;A+ *-7;<+ !'% 5 ?? -7;? -7;? -7;A -7;< -7;. -7,- *-7,@+ *-7,@+ *-7,A+ *-7,<+ *-7,<+ *-7,.+ 9 ( ;7;> ;7;? ;7;? ;7;@ ;7;A ;7;< *-7=?+ *-7=@+ *-7=@+ *-7=A+ *-7=A+ *-7=<+ 0 ( ;-7,= ;-7,A ;-7,= ;-7,> ;-7,= ;-7,, *>7>=+ *>7>;+ *>7>>+ *>7>>+ *>7>,+ *>7>=+ % '' -7,= -7,= -7,= -7,, -7,, -7,; *-7>,+ *-7>,+ *-7>,+ *-7>;+ *-7>;+ *-7>;+ / '' -7,- -7,- -7,; -7,, -7,, -7,> *-7>-+ *-7>-+ *-7>-+ *-7>;+ *-7>,+ *-7>=+ ( >.7?? ?-7;A ?;7=; ?,7A? ?=7@. ?>7@, *;,7<.+ *;,7<?+ *;,7A<+ *;,7A,+ *;,7@-+ *;,7?;+ P =1-A? =1,=- =1,=- =1;;, =1-;, ,1.,. 5 ( % %B 5 / 0' (0 % 0 ( 9% ' ( '% 6 0 'D5 '' 7 % E (0 % 0' 2051 //% %4% / 6 5 %5% ( 0' ( 0I ' % 6 0' 0' (0 5 ' 6 % / ' *%1 ;..@+7 ' 9/% 6 0' (0 3 5 ., '0 5'7 0(0%%0'(00/1 % % // (' 9% ' 7 >< '/% B '( ,- )%(E0(/%'D 5 '' 7 5%% ( ' / % > 0 0 /7 % % 0'/ 4 0% 5%% (' 0 5 /05%7 1 5%E % 0' (0 5%% % (' 5%// / ( % % (' 7 0 %% ' ) / % ( ' '/ ( 'D5 '' 1 0'/ ) 0 % 05 1 1 7)%1 ' 00 % 01 00 ''DD( 0'/ ( % 7 1 '% ( 0'/ 0 ( % ( ' ( 0 0'/ '0 '%1 ,- '/% B ( ' 0 0 '% ) 5% 5% 0% 0'/1 9/% 5% 9% '7 >. % ,?1 '0 '/% ( '% 5 >< 0% 0H0 ( 0' (0 6 7?-1 7>=1 7=A 7=? ( /05%7 >. ' ( % / %% )7 % ( / % ? / ,7 % ( ( 0'/ '0 % 90% ( 9' 9D/%7 % ( %N %B ( ' ( )1 ,- 7 .= % ,?C '/% B ' )' '% 5 0 :0 % 01 ,--; D ,--- " % 0 001 W ,--; =1,=> =1-A. =1-@> 5% % 0 ,--; " % 0 001 W ,--; =1,=> =1,>@ =1,=- '% 0'/ ,--, :0 % 01 ,--; D ,--- =1,=> =1=@, =1,=- 5% % 0 ,--; " % 0 001 W ,--, ,--; '% 0'/ ,--= :0 '% 0'/1 ,--, D ,--; =1,=; =1,>< =1;;, '% 0'/ ,--, " % 0 001 W ,--= ,--, '% 0'/ ,--> :0 '% 0'/1 ,--= D ,--, =1;;; =1;?; =1-;, '% 0'/ ,--= " % 0 001 W ,--> ,--= '% 0'/ ,--> :0 '% 0'/1 ,--= D ,--, =1-;? =1;;; ,1.,. '% 0'/ ,--= " % 0 001 W ,--> ,--= '/% 0 '/% ' 0 0'/ '0 '%1 ) *,-+7 .> 0'/ 0'/ /% ( '% 5 7 ?- =7>7, '/ % % 0 /0'/'5'(/51' %% '5' 0 )% ( ( / 0/ 0'/1 50'/'%0'/7 00%1 00 ,, ??'06 6&50'/0% /05%7 (' /5 % /5 /%1 6 % % %%6 %4 0'/ /% 0 )%7 ( 0 %% /5 %1 /0% H0% /5 %1 ( 6 0'/ 0% ( ,, '07 "651 H0% /5 % 37 0 6 /5 3 '' ( 5 *+ 0 %% 5' /5 % *41 ,--;+7 ?; 4 0 1 (0'/0%(,,'07 "651 : % B7 1 0%0% // 5 % B 1 6 0 ( '/% 7 ( ( / % /05% ( 4 % '1 ( / %7 / 0/ ( 05 67 /5 % ( ,, '0 1 (1 ( 4 % '7 ?, 1 ?- ( 3 A@G1 0'/% 65 ( % ( 0' '0 * + 77 ?; ("% K%(3% 0 7 ?, ;-1--- 6 *3 001 X;-+1 ' X< / / 0/ 7 .? ( ?? '01 )% ( 5 0'/ 7 /5 % )% &9 % 00 5 ' (' 7 /5 % 0% 5 '/ % ( 0 '0 0 /%0 ( % 0% :0 % ( /5 / ( /57 "651 6%% !1 0'/ /4 %1 %4 5 6 % %07 =7? % =7?7; '% '/ ) ' ( 5% 1 ' 0 0%& %7 ''00)0('% 0'/ (' ,--, ,--?C 6D/ # ' ( ) ,- " (' ' 6 '' 01 ,?,@ ,A7 9/% 50 ( /20 '% ( % 07 /0%1 50 ( % ( % /20 ( % 0 *77 + + +6%% " " (' '7 6D/ # ' /20 ( % 0 % ' 050 6 /20 :0 ) 7 % ,@ 6 % ( 0 '7 ' ( 7 ?= 50 ( 'D5 '' *+ % 50 ( ) *+1 6 0 'D5 '' 9 / 0'/ % '7 "651 / ?= //9 ( ' ( ,- .@ % ,@C 0 % ' ' 7>A, " 7->= " 7-=< + 7,,< + 7,?< , 7,>- D7-<; 7-;; ' ( ) *;>+ //9 % ;7 , , 1 , , 64 0% 6 /20 1 :0 %5% % 0D 1 :0 ) ,.7 ?> 0 0 =7=1 %0006 '% 6/20 (''%6 '50 /05%7 !1 50 ( /20 ( :0 % 01 ' & 0 D 0 6B )%7 9/%1 0 0% ' 50 ( /20 ( %5% % 01 0 '7 % ,A 6 6%% 0/ 50 ( &9 :0 'D5 '' 7 % 6 ?> %( %0'///97! ' ( :0 %5% % 01 05 L,--- 90% 0 'D57 5 /(0 0 0 ( 90% 057 &:0'%%%'6 05%1 0 ' 6 05 'D57 .A % ,AC $0 00 ( %6 7;?; 7;?; 7,,- 7--, 7--- 7,;< 7,>- 7;A. %6 ( -7--, (' 0 7 7 6 '9'B1 'D5 '' ' 9 % 0 50 ( 'D5 'D ' B1 '7 0 ( ''' 1 1 %%6 // %' ( 90 ( 'D5 '' 7 "651 1 0% 50 ( /20 % 6 7 ! > %% '% % 0'/ :0 6 %5%( 1 % ,< / '' 07 9/%0=7=16/%6 //%6( %B 0%% // ( /20 *% + %6 %6 /20 *% +7 50 ( % 0'/ ' 1 ( 01 '%% ( 0'/ 7 ?? ?? '06 /'D5''7 3 *;..;+ ( 0 ( 5 0% 6 '' / 'D5 '' 7 .< ! >C '% % :0 % '/ 6 ,--;D ,---1 5% % '/ ,--; % 7 /20 .2 .4 .6 .8 1 -2.5 0 2.5 5 x Surveyed Simulated Differenced Initial Consumption, t=2001-2000 .2 .4 .6 .8 1 2.5 5 7.5 10 x Surveyed Simulated Initial Consumption, t=2001 % 7 %6 /20 .2 .4 .6 .8 1 -2.5 0 2.5 5 x Surveyed Simulated Differenced Initial Consumption, t=2001-2000 .2 .4 .6 .8 1 2.5 5 7.5 10 x Surveyed Simulated Initial Consumption, t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x Surveyed Simulated Consumption, t=2002 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t=2003 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t=2004 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t=2005 $0% % 0 ''' 0 ( %5 *+7 ;-, ! ?C % 7 %6 /20 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t=2002 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t=2003 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t=2004 .2 .4 .6 .8 1 0 2.5 5 7.5 10 x Surveyed Simulated Consumption, t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urveyed Simulated CDF Consumption, t=2002 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t=2003 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t=2004 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t=2005 $0% % 0 ''' 0 ( %5 *+7 ;-@ ! @C % 7 %6 /20 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t=2002 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t=2003 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t=2004 0 .2 .4 .6 .8 1 2.5 5 7.5 10 Surveyed Simulated CDF Consumption, t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
Abstract (if available)
Abstract
A sizable volume of literature on the studies of poverty dynamics and economic mobility has developed through the application of panel data surveys. Very few researchers, however, have provided solutions to the measurement error bias generated by surveyed income and consumption, although the presence of such bias has been widely acknowledged. My dissertation uses data from the Korean Labor and Income Panel Study (KLIPS) to examine whether measurement error in income and consumption data has the potential to generate biases for studies on poverty dynamics and economic mobility.
Linked assets
University of Southern California Dissertations and Theses
Conceptually similar
PDF
The EITC, labor supply, and child development
PDF
Essays on family and labor economics
PDF
Effect of measurement error on the association between baseline and longitudinal change
PDF
Essays on health economics
PDF
Essays on nonparametric and finite-sample econometrics
PDF
Essays on development and health economics: social media and education policy
PDF
Essays on economics of education
PDF
Essays on economics of education and private tutoring
PDF
Essays on family planning policies
PDF
Evaluating the associations between the baseline and other exposure variables with the longitudinal trajectory when responses are measured with error
PDF
Essays in information economics and marketing
PDF
Three essays in education and urban economics
PDF
Essays in development economics
PDF
Mobile communication and development: a study of mobile phone appropriation in Ghana
PDF
Topics in quantum information and the theory of open quantum systems
PDF
Two essays in econometrics: large N T properties of IV, GMM, MLE and least square model selection/averaging
PDF
Essays in the economics of education and conflict
PDF
Three essays on the identification and estimation of structural economic models
PDF
Essays on the empirics of risk and time preferences in Indonesia
PDF
Essays on estimation and inference for heterogeneous panel data models with large n and short T
Asset Metadata
Creator
Lee, Nayoung
(author)
Core Title
Measurement error in income and consumption data and economic mobility
School
College of Letters, Arts and Sciences
Degree
Doctor of Philosophy
Degree Program
Economics
Publication Date
07/14/2009
Defense Date
05/08/2009
Publisher
University of Southern California
(original),
University of Southern California. Libraries
(digital)
Tag
consumption dynamics,economic mobility,income dynamics,measurement error,OAI-PMH Harvest,transition matrix
Language
English
Contributor
Electronically uploaded by the author
(provenance)
Advisor
Strauss, John A. (
committee chair
), Ham, John C. (
committee member
), Moon, Hyungsik Roger (
committee member
), Painter, Gary D. (
committee member
), Ridder, Geert (
committee member
)
Creator Email
nayoung.lee@yahoo.com,nayoungl@usc.edu
Permanent Link (DOI)
https://doi.org/10.25549/usctheses-m2356
Unique identifier
UC1102489
Identifier
etd-Lee-3020 (filename),usctheses-m40 (legacy collection record id),usctheses-c127-563928 (legacy record id),usctheses-m2356 (legacy record id)
Legacy Identifier
etd-Lee-3020.pdf
Dmrecord
563928
Document Type
Dissertation
Rights
Lee, Nayoung
Type
texts
Source
University of Southern California
(contributing entity),
University of Southern California Dissertations and Theses
(collection)
Repository Name
Libraries, University of Southern California
Repository Location
Los Angeles, California
Repository Email
cisadmin@lib.usc.edu
Tags
consumption dynamics
economic mobility
income dynamics
measurement error
transition matrix