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Relative deprivation, personal income satisfaction, and average well-being under different income distributions

Seidl, Christian; Traub, Stefan; Morone, Andrea - 2005

This paper uses the data gained from an income categorization experiment for five shapes of income distributions to investigate background context effects, relative deprivation, range-frequency theory to explain background context effects, individual income satisfaction versus aggregate...

Persistent link: https://www.econbiz.de/10010284529

Measuring inequality without the Pigou-Dalton condition

Chateauneuf, Alain; Moyes, Patrick - 2005

Typical welfare and inequality measures are required to be Lorenz consistent which guarantees that inequality decreases and welfare increases as a result of a progressive transfer. We explore the implications for welfare and inequality measurement of substituting the weaker absolute...

Persistent link: https://www.econbiz.de/10010284885

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

Measuring food security using respondents' perception of food consumption adequacy

Migotto, Mauro; Davis, Benjamin; Caretto, Gero; Beegle, … - 2006

Food security is a complex and multi-dimensional phenomenon. As such, its measurement may entail and benefit from the combination of both ‘qualitative-subjective’ and ‘quantitative-objective’ indicators. Yet, the evidence on the external validity of subjectivetype information is scarce,...

Persistent link: https://www.econbiz.de/10010284755

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

What do experts know about forecasting journal quality? : a comparison with ISI research impact in finance

Chang, Chia-Lin; McAleer, Michael - 2013

Persistent link: https://www.econbiz.de/10009724815

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