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The camera once again skirts the Dallas skyline and swoops down over the Southfork ranch house, which once looked imposing but by today's standards of wealth — adjusted for oligarchs and hedge fund managers — looks quite modest.
It turns out that in 1998, 65percentt of all American households headed by a person between 47 and 64 had either the same pension wealth, adjusted for inflation, than households headed by people in that age group did 15 years earlier, or even less.
As Bloomberg reported at the end of March, "For households headed by someone 40 years old or younger, wealth adjusted for inflation remains 30percentt below 2007 levels on average, according to research by economists at the Federal Reserve Bank of St . Louis.
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Mostly wealth (adjusted OR for CA: 4.36 (3.23 to 5.95) and EW: 4.39 (3.49 to 5.53)), but also urban residence, privileged caste, higher education, white-collared occupation and female gender, were important determinants.
These hurricane-caused property losses were further normalized at current value to account for wealth adjusted by inflation and percent change in population growth using the methodology proposed by Brunkard et al. (2008).
While all age groups have yet to recover to their 2007 wealth, when adjusted for inflation, older households are down just 3 percent on average, while those headed by middle-age people are down about 10 percent.
Income and wealth were adjusted for household size using the Organisation for Economic Co-operation and Developmethodethod and adjusted for differences in the purchasing power across countries.
Analyses were stratified by gender, age, pre-existing disease, country of origin, and municipality level wealth, and adjusted for potential confounding factors.
Bidi smoking, SLT use, and dual use were inversely associated with wealth after adjusting for demographic variables as well as education and occupation.
The final version took out the emphasis on cyclones and floods and put in a content free clause — a good example of how the IPCC process can reduce information content: Long-term trends in economic disaster losses adjusted for wealth and population increases have not been attributed to climate change, but a role for climate change has not been excluded (medium evidence, high agreement).
Neither previous study adjusted for wealth as a measure of socioeconomic position, which is a more accurate measure of economic resources than income in older age.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com