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distribution of risks inside society, the Liberal system wins if the inequality of income is low, and the Beveridgean system wins … if the inequality of income is high. Using a utilitarian criterion, the Beveridgean system always dominates and the …
Persistent link: https://www.econbiz.de/10010635025
bootstrapping a commonly used index of inequality leads to inference that is not accurate even in very large samples, although … inference with poverty indices is satisfactory. We find that the major cause is the extreme sensitivity of many inequality …
Persistent link: https://www.econbiz.de/10010750903
Specific functional forms are often used in economic models of distributions; goodness-of-fit measures are used to assess whether a functional form is appropriate in the light of real-world data. Standard approaches use a distance criterion based on the EDF, an aggregation of differences in...
Persistent link: https://www.econbiz.de/10009019845
distributions. Two main approaches can be distinguished: one in which the object of interest is some index of income inequality or …
Persistent link: https://www.econbiz.de/10008794291