Accelerated Depreciation: A Proper Allowance for Measuring Net Income?!!

Residual Income, Depreciation, and Empire Building

An Income-net worth Approach to Measuring Economic Welfare

The objective of this paper is to present an empirical measure of economic welfare, hereafter called "economic position," which integrates, current money income and current net worth. We apply the resulting measure illustratively, comparing some of its results with those of the income measure. Subsequently, some of the implications of our measure are explored. The proposed measure rests on the ...

Measuring the Returns to R&D: The Depreciation Problem

Measuring the private returns to R&D requires knowledge of its private depreciation or obsolescence rate, which is inherently variable and responds to competitive pressure. Nevertheless, most of the previous literature has used a constant depreciation rate to construct R&D capital stocks and measure the returns to R&D, a rate usually equal to 15 per cent. In this paper I review the implications...

Measuring the net

Measuring Income Risk

We provide a critique of the methods that have been used to derive measures of income risk and draw attention to the importance of demographic factors as a source of income risk. We also propose new measures of the contribution to total income risk of demographic and labour market factors. Empirical evidence supporting our arguments is provided using data from the British Household Survey. JEL ...