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National and international income dispersion and aggregate expenditures

Fillat Castejón, Carmen; Francois, Joseph F. - 2004

We examine linkages between aggregate household income, distribution of that income, and aggregate cross-country expenditure patterns. We are able to decompose income effects into international income dispersion effects (from variations in average income) and national income dispersion (income...

Persistent link: https://www.econbiz.de/10011338007

Wealth distribution, peasant production and poverty traps in African smallholder agriculture

Hoogeveen, Johannes - 1999

A model is developed for peasant households in land abundant areas who choose between two technologies for land preparation: a manual one and one using draught animals. For draught a minimum number of animals is required so that a technological non convexity exists. It follows that certain...

Persistent link: https://www.econbiz.de/10011453277

A new inequality measure that is sensitive to extreme values and asymmetries

McAleer, Michael; Ryu, Hang-keun; Slottje, Daniel Jonathan - 2017

properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent … Gini) that poorly detect the extreme values present in the underlying empirical IDF. This paper introduces a new inequality … measure to supplement, but not to replace, the Gini that measures more accurately the inherent asymmetries and extreme values …

Persistent link: https://www.econbiz.de/10011773015

Combining panel data sets with attrition and refreshment samples

Hirano, Keisuke; Imbens, Guido; Ridder, Geert; Rubin, … - 1998

With panel data important issues can be resolved that can not beaddressed with cross--sectional data. A major drawback is that paneldata suffer from more severe missing data problems. Adding a sampleconsisting of new units randomly drawn from the original populationas replacements for units who...

Persistent link: https://www.econbiz.de/10011283469

On a simple survey measure of individual risk aversion

Hartog, Joop; Ferrer-i-Carbonell, Ada; Jonker, Nicole - 2000

We ask individuals for their reservation price of a specified lotteryand deduce their Arrow-Pratt measure of risk aversion.This allows direct testing of common hypotheses on risk attitudes inthree datasets. We find that risk aversion indeed fallswith income and wealth. Entrepreneurs are less...

Persistent link: https://www.econbiz.de/10011303858

Empirical relevance of the Hillman condition and comparative advantage

Hinloopen, Jeroen; Marrewijk, Charles van - 2004

We analyze the empirical violation of the Hillman condition, a necessary and sufficient condition for the correspondence between comparative advantage and pre-trade relative prices. Our comprehensive data set allows us to investigate the Hillman condition for virtually all countries of the...

Persistent link: https://www.econbiz.de/10011334845

Bayesian mode inference for discrete distributions in economics and finance

Cross, Jamie; Hoogerheide, Lennart; Labonne, Paul; … - 2023

Detecting heterogeneity within a population is crucial in many economic and financial applications. Econometrically, this requires a credible determination of multimodality in a given data distribution. We propose a straightforward yet effective technique for mode inference in discrete data...

Persistent link: https://www.econbiz.de/10014313693

On positive value of information in risk sharing

Denderski, Piotr; Stoltenberg, Christian - 2015 - This Version: May 2015

We develop a novel argument why better public information can help countries to insure against idiosyncratic risk. Representative agents of developing and industrial countries receive public and private signals on their future income realization and engage in risk-sharing contracts with limited...

Persistent link: https://www.econbiz.de/10011279741

Health and income across the life cycle and generations in Europe

Van Kippersluis, Hans; Van Ourti, Tom; O'Donnell, Owen; … - 2008

An age-cohort decomposition applied to panel data identifies how the mean, overall inequality and income-related inequality of self-assessed health evolve over the life cycle and differ across generations in 11 EU countries. There is a moderate and steady decline in mean health until the age of...

Persistent link: https://www.econbiz.de/10011374430

The bias of the Gini coefficient due to grouping

Van Ourti, Tom; Clarke, Philip M. - 2008

We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … correction term is obtained from studying the estimator of the Gini index within a measurement error framework. In addition, it …

Persistent link: https://www.econbiz.de/10011377108