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Capital Account Policies, IMF Programs and Growth in Developing Regions
Bicaba, Zorobabel; Brixiova, Zuzana; Ncube, Mthuli - Institute for the Study of Labor (IZA) - 2015
This paper develops an adaptive learning model under uncertainty that examines evolution of capital account polices over time and across developing regions. In the framework, countries' past experiences and IMF programs influence policymakers' beliefs about the impact of capital account...
Persistent link: https://www.econbiz.de/10011125876
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How Darwinian Should an Economy Be?
Saint-Paul, Gilles - Institute for the Study of Labor (IZA) - 2014
This paper studies aggregate dynamics in a cobweb model where learning takes place through a selection mechanism, by which more successful firms are replicated at a higher rate. The structure of the model allows to characterize analytically the aggregate dynamics, and to compute the effect on...
Persistent link: https://www.econbiz.de/10011094073
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A Theory for Ranking Distribution Functions
Aaberge, Rolf; Havnes, Tarjei; Mogstad, Magne - Institute for the Study of Labor (IZA) - 2013
rather than another. In this paper, we develop a theory for ranking distribution functions. Our theory offers a general … asymptotic distribution theory for empirical dominance criteria where it is demonstrated that the associated empirical processes …, while the second ranks the actual and counterfactual outcome distributions from a policy experiment. …
Persistent link: https://www.econbiz.de/10010884192
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Testing for Poverty Dominance: An Application to Canada
Chen, Wen-Hao; Duclos, Jean-Yves - Institute for the Study of Labor (IZA) - 2008
The paper proposes and applies statistical tests for poverty dominance that check for whether poverty comparisons can be made robustly over ranges of poverty lines and classes of poverty indices. This helps provide both normative and statistical confidence in establishing poverty rankings across...
Persistent link: https://www.econbiz.de/10005761795
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Evaluating Dominance Ranking of PSID Incomes by Various Household Attributes
Maasoumi, Esfandiar; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2005
We examine the dynamic evolution of incomes, both disposable and gross, for several groups in the PSID panel data at several points from 1968 to 1997. We employ the extended Kolmogorov-Smirnov tests of First and Second Order Stochastic Dominance (SD) as implemented by Maasoumi and Heshmati...
Persistent link: https://www.econbiz.de/10005761884
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A Nonparametric Examination of Capital-Skill Complementarity
Henderson, Daniel J. - Institute for the Study of Labor (IZA) - 2008
This paper uses nonparametric kernel methods to construct observation-specific elasticities of substitution for a balanced panel of 73 developed and developing countries to examine the capital-skill complementarity hypothesis. The exercise shows some support for capital-skill complementarity,...
Persistent link: https://www.econbiz.de/10005703173
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Higher Education and Equality of Opportunity in Italy
Peragine, Vito; Serlenga, Laura - Institute for the Study of Labor (IZA) - 2007
This paper proposes a definition of equality of educational opportunities. Then, it develops a comprehensive model that allows to test for the existence of equality of opportunity in a given distribution and to rank distributions according to equality of opportunity. Finally, it provides an...
Persistent link: https://www.econbiz.de/10005703361
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Testing for Restricted Stochastic Dominance
Davidson, Russell; Duclos, Jean-Yves - Institute for the Study of Labor (IZA) - 2006
Asymptotic and bootstrap tests are studied for testing whether there is a relation of stochastic dominance between two distributions. These tests have a null hypothesis of nondominance, with the advantage that, if this null is rejected, then all that is left is dominance. This also leads us to...
Persistent link: https://www.econbiz.de/10005822195
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Is the Quantity-Quality Trade-off a Trade-off for All, None, or Some?
Millimet, Daniel L.; Wang, Le - Institute for the Study of Labor (IZA) - 2009
Although the theoretical trade-off between the quantity and quality of children is well-established, empirical evidence supporting such a causal relationship − particularly on child health − is limited. We use two measures of child health to asses the quantity-quality trade-off across the...
Persistent link: https://www.econbiz.de/10004999935
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Income vs. Consumption Inequality in South Korea: Evaluating Stochastic Dominance Rankings by Various Household Attributes
Heshmati, Almas; Rudolf, Robert - Institute for the Study of Labor (IZA) - 2013
Using four rounds (1999, 2002, 2005, 2008) of the Korean Labor and Income Panel Study (KLIPS), this article examines determinants of household income and consumption levels and inequalities. Unconditional as well as conditional stochastic dominance (SD) tests are performed by year, by household...
Persistent link: https://www.econbiz.de/10010764594