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Statistical Inference for Welfare under Complete and Incomplete Information

Cowell, Frank A; Victoria-Feser, Maria-Pia - Suntory and Toyota International Centres for Economics … - 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/10005670751

Distributional Dominance with Dirty Data

Cowell, Frank A; Victoria-Feser, Maria-Pia - Suntory and Toyota International Centres for Economics … - 2001

Distributional dominance criteria are commonly applied to draw welfare inferences about comparisons, but conclusions drawn from empirical implementations of dominance criteria may be influenced by data contamination. We examine a non-parametric approach to refining Lorenz-type comparisons and...

Persistent link: https://www.econbiz.de/10005510522

Statistical Inference for Lorenz Curves with Censored Data

Cowell, Frank A; Victoria-Feser, Maria-Pia - Suntory and Toyota International Centres for Economics … - 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/10005510539

Robust Lorenz Curves: A Semiparametric Approach

Cowell, Frank A; Victoria-Feser, Maria-Pia - Suntory and Toyota International Centres for Economics … - 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/10005310317

Welfare Judgements in the Presence Contaminated Data

Cowell, Frank A; Victoria-Feser, Maria-Pia - Suntory and Toyota International Centres for Economics … - 1996

The economic analysis of income distribution and related topics makes extensive use of dominance criteria to draw inferences about welfare comparisons. However it is possible that - just as some inequality statistics can be very sensitive to extreme values - conclusions drawn from empirical...

Persistent link: https://www.econbiz.de/10005670743

Dynamic Voting in Clubs

Roberts, Kevin - Suntory and Toyota International Centres for Economics … - 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/10005310261

Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment

Burgess, Robin; Pande, Rohini - Suntory and Toyota International Centres for Economics … - 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/10005797479

Commodity Taxation and Social Welfare: The Generalised Ramsey Rule

Coady, David; Drèze, Jean - Suntory and Toyota International Centres for Economics … - 2000

Commodity taxes have three distinct roles: (1) revenue collection, (2) interpersonal redistribution, and (3) resource …

Persistent link: https://www.econbiz.de/10005310339

Public Education for the Minority,Private Education for the Majority

Levy, Gilat - Suntory and Toyota International Centres for Economics … - 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/10005220106

Read My Lips: The Political Economy of Information Transmission

Besley, Timothy; Pande, Rohini - Suntory and Toyota International Centres for Economics … - 1998

The paper studies credible information transmission by governments. A group of heterogenous individuals have to make private investment and labour supply decisions while relying on the government for information about investment returns. The government consists of an elected citizen who chooses...

Persistent link: https://www.econbiz.de/10005670730