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Loss Function and Benefit Measurement

  • Bruce D. Spencer
Chapter
  • 139 Downloads
Part of the Lecture Notes in Statistics book series (LNS, volume 3)

Abstract

The allocation of funds by formula is a major use of data collected by statistical agencies. As stated, the original General Revenue Sharing (GRS) program distributed more than $30 billion from 1972 to 1976 to 51 state governments (including the District of Columbia) and nearly 39,000 local governments. The allocations were made over time in six or twelve month “entitlement periods”, with the total allocation in each entitlement period fixed (except for possible minor adjustments) by law. To determine the relative sizes of shares of the pie, GRS relied on formulas depending on values of data elements such as population, per capita income, and income tax collections. Appendix B describes the formulas in more detail.

Keywords

Loss Function Unique Minimum Supplemental Security Income Statistical Decision Theory Horizontal Inequity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag New York Inc. 1980

Authors and Affiliations

  • Bruce D. Spencer
    • 1
  1. 1.Northwestern University The School of EducationEvanstonUSA

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