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across years), and use it to compare levels and patterns of relative poverty in the USA, Great Britain and Germany during the … 1990s. The higher aggregate poverty rates in the USA and in Britain relative to Germany were mostly accounted for by higher …-relevant characteristics, in particular higher employment rates. …
Persistent link: https://www.econbiz.de/10011437003
Persistent link: https://www.econbiz.de/10003075805
To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...
Persistent link: https://www.econbiz.de/10003818749
earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many …
Persistent link: https://www.econbiz.de/10003486040
This paper reviews research about the intergenerational transmission of poverty in industrialized countries. In order to make our survey manageable, we restrict attention to studies that consider the relationship between parental poverty (or "income") during childhood and laterlife outcomes; we...
Persistent link: https://www.econbiz.de/10003471768
This paper focuses on nominal exchange rates, specifically the US dollar rate vis-à-vis the Euro and the Japanese Yen at a daily frequency. We model both absolute values of returns and squared returns using long-memory techniques, being particularly interested in volatility modelling and...
Persistent link: https://www.econbiz.de/10003931070
This note examines the stochastic properties of US term spreads with parametric and semi-parametric fractional integration techniques. Since the observed data (rather than the estimated residuals from a cointegrating regression) are used for the analysis, standard methods can be applied. The...
Persistent link: https://www.econbiz.de/10003939723
Persistent link: https://www.econbiz.de/10003943259
This paper analyses monthly hours worked in the US over the sample period 1939m1 - 2011m10 using a cyclical long memory model; this is based on Gegenbauer processes and characterised by autocorrelations decaying to zero cyclically and at a hyperbolic rate along with a spectral density that is...
Persistent link: https://www.econbiz.de/10009579224
This paper examines several US monthly financial time series data using fractional integration and cointegration techniques. The univariate analysis based on fractional integration aims to determine whether the series are I(1) (in which case markets might be efficient) or alternatively I(d) with...
Persistent link: https://www.econbiz.de/10009426696