We introduce a number of nonstandard stochastic volatility (SV) models and examine their performance when applied to the series of daily returns on several stocks listed on the New York Stock Exchange. The nonstandard models under investigation extend both the observation process and the...

We investigate the accuracy of ex ante assessments of vulnerability to poverty using cross-sectional data and panel data. We use long-term panel data from Germany and apply different regression models, based on household covariates and previous-year equivalence income, to classify a household as...

We investigate the accuracy of ex ante assessments of vulnerability to income poverty using cross-sectional data and panel data. We use long-term panel data from Germany and apply different regression models, based on household covariates and previous-year equivalence income, to classify a...

In many countries the demand for health care services is of increasing importance. Especially in the industrialized world with a changing demographic structure social insurances and politics face real challenges. Reliable predictors of those demand functions will therefore become invaluable...

A reliable prediction of unconditional welfare distributions, like income or consumption, is essential for welfare analysis, and in particular for inequality, poverty or development studies. Where observations of expenditures or income are missing, the mean prediction based on available...

The Human Development Index (HDI) published in the Human Development Report (HDR) of the United Nations Development Program is calculated as a simple average of the Life Expectancy Index (LEI), the Education Index (EI) and the Gross Domestic Product Index (GDPI). This paper provides statistical...

We investigate the accuracy of ex ante assessments of vulnerability to income poverty using cross-sectional data and panel data. We use long-term panel data from Germany and apply di erent regression models, based on household covariates and previous-year equivalence income, to classify a...

The Human Development Index (HDI) published in the Human Development Report of the United Nations Development Program has been calculated as a simple average of the Life Expectancy Index, the Education Index and the Gross Domestic Product Index. This paper provides statistical support for the...