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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

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

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

Searching for Rehabilitation in Nonparametric Regression Models with Exogenous Treatment Assignment

Henderson, Daniel J.; Maasoumi, Esfandiar - Institute for the Study of Labor (IZA) - 2012

This paper offers some new directions in the analysis of nonparamertric models with exogenous treatment assignment. The nonparametric approach opens the door to the examination of potentially different distributed outcomes. When combined with cross-validation, it also identifies potentially...

Persistent link: https://www.econbiz.de/10010773926

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

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

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

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

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

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