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technological non convexity exists. It follows that certain households are poverty trapped, that the initial distribution of wealth …
Persistent link: https://www.econbiz.de/10011453277
We revisit Wintenberger (2013) on the continuous invertibility of the EGARCH(1,1) model. We note that the definition of continuous invertibility adopted in Wintenberger (2013) may not always be sufficient to deliver strong consistency of the QMLE. We also take the opportunity to provide other...
Persistent link: https://www.econbiz.de/10011401308
This paper proposes a score-driven model for filtering time-varying causal parameters through the use of instrumental variables. In the presence of suitable instruments, we show that we can uncover dynamic causal relations between variables, even in the presence of regressor endogeneity which...
Persistent link: https://www.econbiz.de/10014496538
-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …
Persistent link: https://www.econbiz.de/10011325967
In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …
Persistent link: https://www.econbiz.de/10011349190
aim to reflect local perceptions of poverty. This paper demonstrates how such a measure can be constructed, using data … from a field experiment on poverty targeting in Indonesia. It then explores the potential impact of using this welfare … used as a meaningful basis for targeting and poverty measurement. …
Persistent link: https://www.econbiz.de/10012404170
In this paper, the concept of Income Satisfaction Inequality is operationalized on the basis of individual responses to … analogue of the objective income concept and includes objective income inequality as a special case. The paper introduces a … method to decompose Income Satisfaction Inequality according to the contributions from variables such as income, education …
Persistent link: https://www.econbiz.de/10011326418
well-being is much less investigated. It is argued that the concept of well-being inequality cannot be properly defined … concept of inequality in happiness or SWB. Finally, we plead for an extension of the present happiness paradigm by setting up …
Persistent link: https://www.econbiz.de/10011379637
-level preferences for inequality aversion, average vs total welfare maximisation, and minimum 'critical level' thresholds. By combining … (n=115, obs.=5,060), we find that 98.7% of respondents are inequality averse, prioritising the worst-off at the expense …
Persistent link: https://www.econbiz.de/10015133675
Meritocratic fairness justifies inequality when it stems from performance. Yet performance is influenced by one … generating performance inequality. In an incentivized online experiment, impartial spectators can redistribute the earnings that … generating performance inequality. …
Persistent link: https://www.econbiz.de/10014496483