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The three worlds of welfare capitalism revisited
Brockhoff, Sarah; Rossignol, Stéphane; Taugourdeau, … - HAL - 2012
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
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Habit Formation and Fiscal Transmission in Open Economies
Cardi, Olivier; Muller, Gernot J. - HAL - 2010
In this paper we analyze the ability of an open economy version of the neoclassical model to account for the time-series evidence on fiscal policy transmission. In a first step, we identify government spending shocks within a vector autoregression model. We find that i) government spending...
Persistent link: https://www.econbiz.de/10008793608
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Asymptotic and bootstrap inference for inequality and poverty measures
Davidson, Russell; Flachaire, Emmanuel - HAL - 2007
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
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Inference on Income Distributions
Davidson, Russell - HAL - 2010
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