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We develop a GMM procedure for estimating income distributions from grouped data with unknown group bounds. The approach enables us to obtain standard errors for the estimated parameters and functions of the parameters, such as inequality and poverty measures, and to test the validity of an...
Persistent link: https://www.econbiz.de/10009319015
The willingness of individuals to enforce social norms can have important welfare implications. All the experimental evidence on norm enforcement so far comes from laboratory experiments and indicates that many participants are indeed willing to enforce norms, even in one-shot interactions. We...
Persistent link: https://www.econbiz.de/10009371116