In this study, we construct a new dependency ratio measure by taking into account the consumption needs of the young and elderly people, and the productivity of middle-aged people. Different from the way that Cutler et al. (1990) and Weil (1999) constructed the relative needs by using the...

For the last several decades, the US Census Bureau has been applying AK composite estimation method for estimating monthly levels and month-to-month changes in unemployment using data from the Current Population Survey (CPS), which uses a rotating panel design. For each rotation group,...