logo logo

Edward C. BUDD

Edward C. BUDD, economist in the field of General Economics; Quantitative Economic Methods and Data; Welfare Programmes, etc. Phi Beta Kappa, 1942; Executive Committee, Conference Research Income and Wealth, National Bureau of Economie Research, New York, New York, United States of America, 1970-1972; Public Service Union Liberal Arts Alumni Award, Distinction Social Sciences 1983.

Background

  • BUDD, Edward C. was born in 1920 in Summit, New Jersey, United States of America.

  • Education

    • Bachelor of Arts (Economics and History), Doctor of Philosophy University California Berkeley, 1942, 1954.

    Career

    • Price Economics, United States Office Price Administration, Fresno, San Francisco, California, 1944-1946. Assistant Professor of Economics, University Illinois, 1949-1951. Instructor Economics, University Oregon, 1951-1952.

      Instructor, Assistant Professor, Yale University, 1952-1961. Consultant, Bureau Economics Analysis, United States Department Commerce, 1966-1970. Professor of Economics, Pennsylvania State University, University Park, Pennsylvania, United States of America, since 1961.

      Editorial Board, RTW, 1977-1983.

    Major achievements

    • Phi Beta Kappa, 1942. Executive Committee, Conference Research Income and Wealth, National Bureau of Economie Research, New York, New York, United States of America, 1970-1972. Public Service Union Liberal Arts Alumni Award, Distinction Social Sciences 1983.

    Views

    Historical studies of the United States income distribution between labour and property income and among persons and households. Contributed to the conceptual framework of national income accounting. Primarily concerned with the development of microdata systems for estimating the personal distribution of income by size of income and socioeconomic characteristics of recipients and integrating these into the framework provided by the national income accounts.

    Originated methods for estimating the distribution of family personal income, using microdata files from household field surveys, income tax returns, audit studies, and other government administrative records, and carried out the estimation process for 1964 and 1972. With D. B. Radner, was the first to develop methods for statistically matching microdata files, using field surveys and tax return data. Have also been concerned with estimating the effect of macroeconomic fluctuations, as well as other variables, on income distribution.

    With D. F. Seiders, developed a new method, using microdata files, for estimating the distributional effects of inflation and unemployment on the size distribution of income and wealth.

    See on larger map