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Statistical inference for welfare under complete and incomplete information

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 1999

We show how a collection of results in the literature on the empirical estimation of welfare indicators from sample data can be unified. We also demonstrate how some of these ideas can be extended to empirically important cases where the data have been trimmed or censored.

Persistent link: https://www.econbiz.de/10010746196

Statistical inference for Lorenz curves with censored data

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 1998

Lorenz curves and associated tools for ranking income distributions are commonly estimated on the assumption that full, unbiased samples are available. However, it is common to find income and wealth distributions that are routinely censored or trimmed. We derive the sampling distribution for a...

Persistent link: https://www.econbiz.de/10010745060

Robust Lorenz curves : a semi-parametric approach

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 2001

Lorenz curves and second-order dominance criteria are known to be sensitive to data contamination in the right tail of the distribution. We propose two ways of dealing with the problem: (1) Estimate Lorenz curves using parametric models for income distributions, and (2) Combine empirical...

Persistent link: https://www.econbiz.de/10010746497

Distributional dominance with dirty data

Cowell, Frank; Victoria-Feser, Maria-Pia - London School of Economics (LSE) - 2001

Distributional dominance criteria are commonly applied to draw welfare in- ferences about comparisons, but conclusions drawn from empirical imple- mentations of dominance criteria may be inßuenced by data contamination. We examine a non-parametric approach to reÞning Lorenz-type comparisons...

Persistent link: https://www.econbiz.de/10011071290

Dynamic voting in clubs

Roberts, Kevin - London School of Economics (LSE) - 1999

This paper examines the process and outcomes of democratic decision-making in clubs where a club is defined by their sets of members whose preferences and decisions relate to the set of members in the club: the electorate to endogenous. Examples range from international organizations like the...

Persistent link: https://www.econbiz.de/10010746583

Reconciling observed tariffs and the median voter model

Dhingra, Swati - London School of Economics (LSE) - 2014

Median voter theory applied to trade policy predicts positive tariffs in capital-abundant countries and negative tariffs in labor-abundant countries. Negative tariffs are rare, and this paper reconciles the median voter theory with observed protectionism across countries. By considering large...

Persistent link: https://www.econbiz.de/10011126297

Crisis Social Policy and Social Justice: the case for Greece

Venieris, Dimitris - London School of Economics (LSE) - 2013

; redistribution of resources and nurturing communitarian values. …

Persistent link: https://www.econbiz.de/10010686665

Public education for the minority, private education for the majority

Levy, Gilat - London School of Economics (LSE) - 2004

Public provision of private goods such as education is usually viewed as a form of redistribution in kind. However …, does it arise when income redistribution is feasible as well? In this paper I analyse a two-dimensional model of political … decision making. Society has to choose both the tax rate and the allocation of the revenues between income redistribution and …

Persistent link: https://www.econbiz.de/10010744923

Spend it like Beckham? Inequality and redistribution in the UK, 1983-2004

Georgiadis, Andreas; Manning, Alan - London School of Economics (LSE) - 2007

rise in inequality will lead to more redistribution. This paper shows that, for the UK in the period 1983-2004, a plausibly … exogenous rise in income inequality has not been associated with increased redistribution. We then explore this further using … attitudinal data. We show that the demand for redistribution, having shown considerable variation over time, is at an all-time low …

Persistent link: https://www.econbiz.de/10010744970

Do rural banks matter? evidence from the Indian social banking experiment

Burgess, Robin; Pande, Rohini - London School of Economics (LSE) - 2003

Lack of access to finance is often cited as a key reason why poor people remain poor. This paper uses data on the Indian rural branch expansion program to provide empirial evidence on this issue. Between 1977 and 1990, the Indian Central Bank mandated that a commercial bank can open a branch in...

Persistent link: https://www.econbiz.de/10010745415