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In semiparametric binary response models, support conditions on the regressors are required to guarantee point identification of the parameter of interest. For example,one regressor is usually assumed to have continuous support conditional on the other regressors. In some instances, such...
Persistent link: https://www.econbiz.de/10010658810
In semiparametric binary response models, support conditions on the regressors are required to guarantee point identification of the parameter of interest. For example,one regressor is usually assumed to have continuous support conditional on the other regressors. In some instances, such...
Persistent link: https://www.econbiz.de/10010559864
Orderings of income distribution in terms of inequality should be closely related to orderings in terms of risk. Using …' distributional perceptions. We show that in terms of both inequality and risk individuals consistently reject one of the standard … axioms of distributional comparison. Moreover, there are significant differences in the 'maps' of inequality and risk …
Persistent link: https://www.econbiz.de/10005310315
Using a simple axiomatic structure we characterise two classes ofinequality indices - absolute and relative - that take into account "envy"in the income distribution. The concept of envy incorporated hereconcerns the distance of each person's income from his or herimmediately richer neighbour....
Persistent link: https://www.econbiz.de/10005797453
Building on previous studies on perceptions of inequality, welfare and risk we investigate the structure of individuals …
Persistent link: https://www.econbiz.de/10005510519
We re-examine some of the standard axioms used in the literature on Poverty Measurement. Using a sample of 486 students from Australia, Israel and the USA we investigate the extent to which perceptions of poverty correspond to the axioms.
Persistent link: https://www.econbiz.de/10005670745
This paper examines how people assess inequality of an income distribution and how inequality could be measured. We … start from philosophical analysis of L Temkin who distinguishes nine plausible aspects of inequality. His approach is based …
Persistent link: https://www.econbiz.de/10005670752