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And, of course, income classifications go out the window when the primary wage earner is laid off.
"There are so many interlocking [elements at work] here," she states, citing Social Security, pensions that can be revoked or frozen at any time, the availability of employee-sponsored 401(k) retirement funds and an aging population as some of the issues that have to be factored into long-range taxation policies and income classifications.
(1. Based on the World Bank's income classifications as of July 2012).
Cross-tabulations of individual-level income by aggregate-level income were used to determine the percentage of income classifications in agreement.
The report aimed for both an immediate awareness of Swaziland's epidemic, and a longer-term discussion on emergencies and low-middle income classifications.
Some companies use World Bank income classifications based on per capita GNI (low, lower-middle, upper-middle, and high-income), while others use development indicators, such as the UN-designated LDCs or the UN Development Programme's Human Development Index.
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For income classification, airlines were divided into four groups according to the standard Gross National Income methodology based on World Development Indicators data.
Table 4 Economic data of South-East Asian countries 2012 Income classification GNP [US$] GNP [Int.
The income classification is based on IMF, which is available from http://www.imf.org/external/pubs/ft/weo/2014/02/weodata/weoselgr.aspx.
Furthermore, the results suggest that this inverted "U" shape relationship is revealed regardless of countries' income classification.
Their empirical findings suggest that the relationship is nonlinear forming an inverted U shape regardless of the countries' income classification.
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