06.08.2013 Views

Projecting Fatalities in Crashes Involving Older Drivers, 2000-2025

Projecting Fatalities in Crashes Involving Older Drivers, 2000-2025

Projecting Fatalities in Crashes Involving Older Drivers, 2000-2025

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Models of median real money <strong>in</strong>come for the U.S. <strong>in</strong> each of the ten demographic<br />

groups def<strong>in</strong>ed above were estimated employ<strong>in</strong>g the follow<strong>in</strong>g variables:<br />

• Real Social Security payments per person aged 65 and over<br />

• Real pension payments per person 65 and over<br />

• Real <strong>in</strong>terest <strong>in</strong>come per capita<br />

• Real wages (ECI for private wages and salaries deflated with CPIU-X1)<br />

All models were estimated <strong>in</strong> log-log form. Only variables with positive coefficients<br />

were reta<strong>in</strong>ed <strong>in</strong> the models.<br />

Models for each of the ten demographic groups <strong>in</strong> each region were estimated<br />

employ<strong>in</strong>g these national variables plus real per capita <strong>in</strong>come of the region. In <strong>in</strong>stances<br />

where this comb<strong>in</strong>ation of variables did not produce a satisfactory model, a simple model<br />

relat<strong>in</strong>g the <strong>in</strong>come of the demographic group <strong>in</strong> a region to the <strong>in</strong>come of the correspond<strong>in</strong>g<br />

group <strong>in</strong> the U.S. as a whole was employed.<br />

Forecasts through 2010 are based on DRI’s TRENDLONG forecast of November<br />

1999. Projections were extended to <strong>2025</strong> based on the TREND25YEAR forecast of August<br />

1999.<br />

GM Project G.6 B - 7<br />

October <strong>2000</strong>

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!