We apply a variation of Bourguignon, Meléndez and Ferreira (2005) methodology to examine the extent to which income inequality is associated with the inequality of observed exogenous circumstances of origin that determine individuals' "opportunities" to pursue their chosen life plans. We find...

This paper makes a quantitative assessment of possible reforms to the Chilean tax system. The simulations are based on a recursive dynamic computable general equilibrium model that is calibrated with the input-output matrix 2003. For each scenario is considered a cut effective rate of value...

This paper analyses household income mobility in Chile between 1996 and 2001. Compared to industrialized and most developing countries, mobility has been quite high. The purpose of this paper is to apply a binomial probit model and split analysis into assessment of individuals and households on...

This article provides a tool to study over time the distributions of income in a population, regardless the irregular distribution of data. We even approach Lorenz curves at the times when we lack the required data. Finally we apply the present technique to a European country where inequalities...

Zahlreiche Menschen, Politiker und Wissenschaftler in Deutschland glauben, dass das "Bruttoinlandsprodukt", kurz BIP, als Maßzahl für gesellschaftlichen Wohlstand überholt sei. Deshalb hat der Deutsche Bundestag Ende 2010 eine Studien-Kommission ("Enquete- Kommission") eingerichtet, die den...

It is very important to investigate what factors influence a high level of the service customer orientation of hotels employees under the conditions of the transition and a high rate of the unemployment. One of the conclusions of the research is that management of the hotels in Serbia don’t...

We present the generalized hybrid averaging (GHA) operator. It is a new aggregation operator that generalizes the hybrid averaging (HA) operator by using the generalized mean. Thus, we are able to generalize a wide range of mean operators such as the HA, the hybrid geometric averaging (HGA), the...

In this paper we present a reformulation of a lemma due to Lippman and McCall - initially formulated a unique random variable - to be applied to the case of several random variables, and we illustrate its use in the theory of the firm under uncertainty. We have performed this on a recent model...

Die von wirtschaftlichen Umbrüchen geprägten Jahre nach der Wiedervereinigung waren für viele Ostdeutsche mit zunehmender Unsicherheit verbunden, während die Veränderungen in Westdeutschland weitaus weniger gravierend waren. In der Folge kam es in den 90er Jahren zu einem massiven Rückgang...

The paper investigates the importance of probability weighting in financial decisions and examines the degree to which risk-taking behavior deviates from expected utility theory in the presence of probability weighting. A group of professional traders participates in an experiment, whose data...