Showing 1 - 10 of 17
We develop a dynamic multivariate default model for a portfolio of credit-risky assets in which default times are modelled as random variables with possibly different marginal distributions, and L�vy subordinators are used to model the dependence among default times. In particular, we...
Persistent link: https://www.econbiz.de/10011099644
negative correlation between social capital and inequality. This chapter provides some empirical findings on Italy that confirm …
Persistent link: https://www.econbiz.de/10009654306
the analysis of wealth inequality. On the basis of reconstructed data, we show that household wealth inequality declined … afterwards. By international standards, Italy does not have a high level of wealth inequality (contrary to the evidence available … together with the opinions on inequality collected by means of statistical surveys. …
Persistent link: https://www.econbiz.de/10009654307
I study the interactions between the distribution of human capital, technological choice, and redistributive institutions. I first ask what makes alternative social contracts such as a European-style "welfare state" and US-style "laissez-faire" sustainable, and in particular how each is affected...
Persistent link: https://www.econbiz.de/10005113533
in mean incomes between regions and helps to shed light on inequality within regions as well; the effects vary according … to the region and the variable. However, these features appear to influence nation-wide inequality only to a moderate …
Persistent link: https://www.econbiz.de/10005113541
each member country on the basis of national indicators; EU-wide estimates of inequality and poverty play no role. Yet this … methodological requirements of this evaluative exercise, and provides the first estimates of inequality and poverty in the enlarged …
Persistent link: https://www.econbiz.de/10005770782
sample of countries in the period 1960-2000. Even though welfare inequality across countries appeared stable, the …. In terms of the world population distribution, welfare inequality decreased as the result of the decline in inequality of …
Persistent link: https://www.econbiz.de/10008527058
The multidimensional view of well-being is receiving growing attention, both in academic research and policy …-oriented analysis. This paper examines empirical strategies to measure poverty and inequality in multiple domains, concentrating on two … problems in the use of synthetic multidimensional indices: the weighting structure of different functionings and the functional …
Persistent link: https://www.econbiz.de/10005609386
This paper studies the correlation between inequality, measured by the Gini coefficent of incomes, and the growth rate … of per capita GDP in a panel of countries between the late 1950s and late 1990s. Inequality Granger causes growth with a … negative coefficient, while growth Granger causes inequality with a positive sign. Quantitatively, the former effect appears …
Persistent link: https://www.econbiz.de/10005609408
The paper describes the sample surveys on the personal distribution of incomes conducted in post-war Italy: the first survey carried out by Istituto Doxa in 1947-48; the sample survey of household income and wealth conducted by the Bank of Italy since the late 1960s; the expenditure survey, and...
Persistent link: https://www.econbiz.de/10005640920