HTM


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HTM

Abbreviation for:
hand-to-mouth
Health Technical Memorandum, see there
high-technology medicine
human thrombomodulin
human transcriptome map
References in periodicals archive ?
The left-hand panel of figure 1 depicts the dynamics of income and average cash-on-hand [m.sub.it] over a pay period for an HtM household that starts and ends the period at the zero kink.
A conservative criterion to identify HtM agents on the zero kink in the data is therefore to count those survey households whose average liquid wealth balances are positive (to capture the fact they are not borrowing), but are equal to or less than half their earnings per pay period, where "half" is due to the assumption that resources are consumed at a constant rate.
We include these households among the poor HtM because, even though they own illiquid assets, they effectively have no means of using them to smooth consumption and, as such, these households are more similar to the poor HtM.
This estimator of the number of HtM households provides a lower bound because, although all non-HtM households would always hold average liquid balances above half their earnings, some HtM households may also hold, on average, liquid balances above half their earnings.
Next, consider an HtM household at the credit limit -[[m.bar].sub.it] < 0.
and to count it as wealthy HtM at the credit limit if
The right-hand panel of figure 1 depicts the dynamics of income and average cash-on-hand [m.sub.it] over a pay period for an HtM household that starts and ends the period at the credit limit.
Is it still true in this case that our estimator, based on the criteria in equations 8 through 11, provides a lower bound on the fraction of HtM households?
If [[bar.c].sub.it] is incurred at the beginning of a pay period, the criterion to identify an HtM household (say, at the zero kink) should be amended as [m.sub.it] [less than or equal to] ([y.sub.it], - [[bar.c].sub.it])/2, while if it is incurred at the end of the period the criterion should be [m.sub.it] - [[bar.c].sub.it] [less than or equal to] [y.sub.it]/2.
DEFINITION OF HTM IN TERMS OF NET WORTH For comparison with theories of HtM behavior based on net worth, we also compute the fraction of HtM agents in terms of net worth.
Finally, whenever the data allow, we also use direct survey questions as alternate estimates of the fraction of HtM households.
In order to categorize a household as wealthy HtM, poor HtM, or non-HtM, we need information on its labor income and on the amounts of assets and liabilities held in various categories of its balance sheet.