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A New Framework for the Analysis of Inequality
Cunha, Flavio - 2010
This paper presents a new framework for analyzing inequality that moves beyond the anonymity postulate. We estimate the determinants of sectoral choice and the joint distributions of outcomes across sectors. We determine which components of realized earnings variability are due to uncertainty...
Persistent link: https://www.econbiz.de/10012760644
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Intrahousehold Inequality
Chiappori, Pierre-Andre - 2014
Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...
Persistent link: https://www.econbiz.de/10013052680
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Why Measure Inequality?
Kaplow, Louis - 2021
A large body of literature is devoted to the measurement of income inequality, yet little attention is given to the … question, Why measure inequality? However, the reasons for measurement bear importantly on whether and how measurement should … of the sort that are emphasized in the existing measurement literature. Measures of poverty are also considered, and …
Persistent link: https://www.econbiz.de/10013219965
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Measuring Welfare and Inequality with Incomplete Price Information
Atkin, David; Faber, Benjamin; Fally, Thibault; … - 2021
We propose and implement a new approach that allows us to estimate income-specific changes in household welfare in contexts where well-measured prices are not available for important subsets of consumption. Using rich but widely available expenditure survey microdata, we show that we can recover...
Persistent link: https://www.econbiz.de/10013310331
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Redistribution Through Education and Other Transfer Mechanisms
Hanushek, Eric A.; Leung, Charles Ka Yui; Yilmaz, Kuzey - 2022
Educational subsidies are frequently justified as a method of altering the income distribution. It is thus natural to compare education to other tax-transfer schemes designed to achieve distributional objectives. While equity-efficiency trade-offs are frequently discussed, they are rarely...
Persistent link: https://www.econbiz.de/10013310542
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Sequential Monte Carlo Sampling for DSGE Models
Herbst, Edward - 2013
We develop a sequential Monte Carlo (SMC) algorithm for estimating Bayesian dynamic stochastic general equilibrium (DSGE) models, wherein a particle approximation to the posterior is built iteratively through tempering the likelihood. Using three examples consisting of an artificial state-space...
Persistent link: https://www.econbiz.de/10013080203
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Measuring Total Household Spending in a Monthly Internet Survey : Evidence from the American Life Panel
Hurd, Michael D. - 2012
Beginning in May 2009 we fielded a monthly Internet survey designed to measure total household spending as the aggregate of about 40 spending components. This paper reports on a number of outcomes from 30 waves of data collection. These outcomes include sample attrition, indicators of data...
Persistent link: https://www.econbiz.de/10013108000
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Innovativity : A Comparison Across Seven European Countries
Mohnen, Pierre; Mairesse, Jacques; Dagenais, Marcel - 2021
: Belgium, Denmark, Ireland, Germany, the Netherlands, Norway and Italy for the year 1992. Based on the estimation of a …
Persistent link: https://www.econbiz.de/10013218733
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Inequality of Subjective Well-Being as a Comprehensive Measure of Inequality
Goff, Leonard - 2016
The link between happiness and overall inequality is best studied using an index that incorporates different aspects of inequality, and is measured consistently in different countries. One such index is the degree to which happiness itself varies among individuals. Its correlation with both...
Persistent link: https://www.econbiz.de/10013000535
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Parametric Estimations of the World Distribution of Income
Pinkovskiy, Maxim - 2010
We use a parametric method to estimate the income distribution for 191 countries between 1970 and 2006. We estimate the World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and welfare. Using the official $1/day line, we estimate that...
Persistent link: https://www.econbiz.de/10013150544