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This paper examines several Bayesian methods of obtaining posterior probability density functions of the Atkinson inequality measure and its associated social welfare function, in the context of grouped income distribution data. The methods are compared with asymptotic standard errors. The role...
Persistent link: https://www.econbiz.de/10014069558
The assumption behind discrete hours labour supply modelling is that utility-maximising individuals choose from a relatively small number of hours levels, rather than being able to vary hours worked continuously. Such models are becoming widely used in view of their substantial advantages,...
Persistent link: https://www.econbiz.de/10012115537
This paper examines the simulated labour supply responses to the personal tax and transfer policy changes introduced in New Zealand in 2010, and the implications for revenue and income distribution. The main changes examined are the increase in the GST rate from 12.5 to 15 per cent, along with...
Persistent link: https://www.econbiz.de/10012115703
The assumption behind discrete hours labour supply modelling is that utility-maximising individuals choose from a relatively small number of hours levels, rather than being able to vary hours worked continuously. Such models are becoming widely used in view of their substantial advantages,...
Persistent link: https://www.econbiz.de/10005176927
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