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of incomes of future generations. The purpose of this paper is two-fold. From a policy point of view, we analyse poverty … was expensive but that it provided effective - albeit not efficient - poverty relief. From a methodological point of view …, we demonstrate the usefulness of bootstrapping techniques for statistical inference for poverty and inequality measures …
Persistent link: https://www.econbiz.de/10005791337
global poor for many years to come. This “new geography of global poverty”—with the mass of the poor living in stable, non … special weight be given to the poor in poor countries? How, if at all, should international agencies with a focus on poverty … greater debate on the new geography of global poverty. …
Persistent link: https://www.econbiz.de/10009207525
This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature, inequality will then be associated with less, rather...
Persistent link: https://www.econbiz.de/10005136638
This paper uses survey data from 13 countries to document the economic lives of the poor (those living on less than $2 dollar per day per capita at purchasing power parity) or the extremely poor (those living on less than $1 dollar per day). We describe their patterns of consumption and income...
Persistent link: https://www.econbiz.de/10005497941
in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such … consumption patterns seem to be related to the persistence of poverty. We offer an explanation for this observation, based on a … can help explain the persistence of poverty. …
Persistent link: https://www.econbiz.de/10005504622
redistributions enables the beneficiaries to educate their children and thus to escape from poverty and to overcome child labour. We … agriculture-based state of poverty to a human capital-based developed economy. …
Persistent link: https://www.econbiz.de/10005661874
Structural vector autoregressive (VAR) models were introduced in 1980 as an alternative to traditional large-scale macroeconometric models when the theoretical and empirical support for these models became increasingly doubtful. Initial applications of the structural VAR methodology often were...
Persistent link: https://www.econbiz.de/10009201117
The conventional wisdom is (i) that fiscal austerity was the main culprit for the recessions experienced by many countries, especially in Europe, since 2010 and (ii) that this round of fiscal consolidation was much more costly than past ones. The contribution of this paper is a clarification of...
Persistent link: https://www.econbiz.de/10011145403
This paper presents new models for aggregate UK data on mortgage possessions (foreclosures) and mortgage arrears (payment delinquencies). The innovations include the treatment of difficult to observe variations in loan quality and shifts in forbearance policy by lenders, by common latent...
Persistent link: https://www.econbiz.de/10008611018
The U.S. house price boom has been linked to an unsustainable easing of mortgage credit standards. However, standard time series models of US house prices omit credit constraints and perform poorly in the 2000’s. We incorporate data on credit constraints for first time buyers into a model of...
Persistent link: https://www.econbiz.de/10009001066