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Cash income is widely recognised as a deficient measure of income, as it takes no account of the contribution of net worth to consumption potential. Housing equity is a particularly important component of net worth. Comprehensive income measures incorporate housing equity by adding its...
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This paper examines several Bayesian methods of obtaining posterior probability density functions of the Atkinson inequality measure and its associated social welfare function, in the context of grouped income distribution data. The methods are compared with asymptotic standard errors. The role...
Persistent link: https://www.econbiz.de/10005193111
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