The Fraser Institute

The Fraser Institute

December 18, 2013 06:15 ET

Fraser Institute Awards 2013 Addington Prize to Professors for Research on Income Measurement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 18, 2013) - Richard Burkhauser, the Sarah Gibson Blanding Professor of Policy Analysis at Cornell University, along with co-authors Jeff Larrimore and Kosali Simon, has been awarded the 2013 Addington Prize for Measurement presented by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank

Professors Burkhauser, Larrimore and Simon received the award, which includes a $10,000 prize, for their paper A 'Second Opinion' on the Economic Health of the American Middle Class, which was published in the prestigious National Tax Journal. The paper examines two alternative sources used to measure income-tax units (individuals and their child dependents who file a joint tax return together) and households-to quantify how different approaches produce different results.

They found, for example, that if tax units are used, income growth between 1979 and 2007 amounted to just 3.9 per cent compared to growth of 20.6 per cent if households were used.

"Professor Burkhauser and his team have shown how important definitions are in measuring income, and have provided valuable insight for future research on measuring income and inequality," said Jason Clemens, executive vice-president of the Fraser Institute.

The Addington Prize in Measurement is named after Raymond Addington, former chairman of the Fraser Institute Board of Trustees. The award recognizes a person (or team) who has developed a new, interesting and important concept in public policy, exemplifying the Institute's motto: If it matters, measure it.

The winning paper was selected by a panel of academics chaired by Stephen Easton, professor of economics at Simon Fraser University and senior fellow at the Fraser Institute. Entries were judged on several criteria, including originality and significance of the ideas presented, persuasiveness of the argument, and integrity of the data.

The 2014 Addington Prize in Measurement will be open for nominations next fall.

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The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto, and Montreal and ties to a global network of 86 think-tanks. Its mission is to measure, study, and communicate the impact of competitive markets and government intervention on the welfare of individuals. To protect the Institute's independence, it does not accept grants from governments or contracts for research. Visit www.fraserinstitute.org

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