This paper uncovers an increasing proportion of quoted UK companies omitting cash dividends. Using a large panel of quoted UK companies, we estimate models for the incidence of dividend omissions and cuts as functions of financial characteristics including cash flow, leverage, investment opportunities, investment and company size. These variables account for most of the increase in omission sin...

Medicaid coverage of children is analyzed in this article, using data from uniform Medicaid files (Tape-to-Tape) for California, Georgia, Michigan, and New York. Results show that Medicaid is a different program to children of different enrollment groups and ages. For children receiving cash assistance through either Aid to Families with Dependent Children or Supplemental Security Income, Medic...

The 1990s saw considerable change in the Medicaid program. At the beginning of the decade, Medicaid was still primarily a program that provided health care coverage to persons receiving cash assistance under the Aid to Families with Disabled Children (AFDC) or Supplemental Security Income (SSI) programs, although expansions of eli­ gibility for low income pregnant women and children had already...

This paper examines the choice of asset valuation rules from a managerial control perspective. A manager creates value for a rm through his e ort choices. To support its operating activities, the rm also engages in nancing activities such as credit sales to its customers. Since such nancing activities merely change the pattern of cash ows across periods, an optimal compensation scheme must shie...

We show the unique form that must be taken by a tax system based entirely on realization accounting to implement a uniform capital income tax, or, equivalently, a uniform wealth tax. This system combines elements of an accrual based capital income tax and a traditional cashflow tax, having many of the attributes of the latter while still imposing a tax burden on marginal capital income. Like th...

This study examines the multiplier effects of the grain subsidy program in China, which is a large food self-sufficiency project that is implemented as a cash transfer program. Income multiplier effects have not been examined in the evaluation of the grain subsidy program although increasing the income of farmers is the original goal of this project. A large number of household-level observatio...

OBJECTIVES To evaluate the impact of Mexico's conditional cash transfer programme on the quality of health care received by poor women. Quality is measured by maternal reports of prenatal care procedures received that correspond with clinical guidelines. METHODS The data describe retrospective reports of care received from 892 women in poor rural communities in seven Mexican states. The women...

This article uses survey data to estimate non-cash income from imputed rents, using a consistent methodology for all countries assemble comparable statistics that allow valid inter-country comparison. We can confirm significant impact of and find an inequality-decreasing effect the unconditional distribution which highly correlates with proportion owner-occupiers in respective countries. Howeve...

Sickness and non-work-related accidents in 1973 left the Nation’s workers with a short-term potential earnings loss of $20.9 billion. Cash benefits, largely through accident and sickness insurance and sick leave, replaced $7.2 billion or almost 35 percent of the loss. In 1973, even more than in previous years, inflation helped to push the income-loss and benefit levels above the levels a year e...