Income variablity is likely to increase wage inequality if poorer households are more vulnerable to shocks. Using a simple method to estimate risk-adjusted measures of wage inequality and data from Mexico, this note shows that safety nets could offset a good part of the impact of risk aversion...

This note applies tools from the stochastic dominance literature on poverty to environmental data in order to test in a robust way whether over-consumption and thereby depletion of natural resources is increasing over time. The method is illustrated with country data on per capita CO2 emissions.

Income variablity is likely to increase wage inequality if poorer households are more vulnerable to shocks. Using a simple method to estimate risk-adjusted measures of wage inequality and data from Mexico, this note shows that safety nets could offset a good part of the impact of risk aversion...

This note applies tools from the stochastic dominance literature on poverty to environmental data in order to test in a robust way whether over-consumption and thereby depletion of natural resources is increasing over time. The method is illustrated with country data on per capita CO2 emissions.

We analyze the effect of stochastic survival of children on fertility decision in a dynastic utility model where saving, so to speak, can only be made through having children, the number of which is an endogenous decision to the household. In our stochastic framework where the rate of population...

We analyze the effect of stochastic survival of children on fertility decision in a dynastic utility model where saving, so to speak, can only be made through having children, the number of which is an endogenous decision to the household. In our stochastic framework where the rate of population...

The availability of better data on time use in developing countries makes it important to provide tools for analyzing such data. Conceptually, time poverty can be understood as the fact that some individuals do not have enough time for rest and leisure after taking into account the time spent...

Despite water being subsidized in most developing countries, poorer households end up paying more per unit of consumption because they are generally not connected to the network and, as a result, are forced to buy water from public fountains or street vendors at a higher price. In this note we...

One feature that potentially makes the Fama-French (FF) three-factor model less appealing than the Capital Asset Pricing Model (CAPM) is the complexity of the FF model versus simplicity of the CAPM. This motivates us to construct simple benchmarks for FF factors in Japanese market by using four...

Income inequality typically declines with the length of time taken into account for measurement. This note derives an exact analytical relationship between the accounting period and inequality as measured by the Gini index. The formal relationship is similar to the decomposition of the...