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We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...
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socialpolicies are described and the effects on poverty and inequality are examined.The limitations of a social policy that is …Despite prolonged economic growth, poverty has become a more notable andnoted feature of Chinese society. The paper … approach is analysed and its potential to reduce poverty andinequality are considered.[...] …
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Specific functional forms are often used in economic models of distributions;goodness-of-fit measures are used to assess whether a functional form is appropriatein the light of real-world data. Standard approaches use a distance criterion based onthe EDF, an aggregation of differences in...
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