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In the machine learning community, the Gini index is a very popular score for model selection, and it is also used in actuarial science for evaluating insurance pricing models. The purpose of this tutorial is to discuss the Gini index, both its version in economics and its version in machine...
Persistent link: https://www.econbiz.de/10014239000
In explaining wage or income by personal attributes (e.g. educational attainment, age, and ethnicity) in a regression model, many researchers choose to use the log of wage or income as the dependent variable and then to estimate the unknown coefficients by some version of the least-squares...
Persistent link: https://www.econbiz.de/10010400717
Most equivalence scales which are applied in research on poverty and inequality do not depend on income, although there is strong empirical evidence that equivalence scales in fact are income dependent. This paper explores the consistency of results derived from income independent and income...
Persistent link: https://www.econbiz.de/10011374211
Program evaluations often focus on average treatment effects. However, average treatment effects miss important aspects of policy evaluation, such as the impact on inequality and whether treatment harms some individuals. A growing literature develops methods to evaluate such issues by examining...
Persistent link: https://www.econbiz.de/10011916692
Recentered influence functions (RIFs) are statistical tools popularized by Firpo, Fortin, and Lemieux (2009) for analyzing unconditional partial effects on quantiles in a regression analysis framework (unconditional quantile regressions). The flexibility and simplicity of these tools has opened...
Persistent link: https://www.econbiz.de/10011999073
This paper discusses various methods for assessing group differences in academic achievement using only the ordinal content of achievement test scores. Researchers and policymakers frequently draw conclusions about achievement differences between various populations using methods that rely on...
Persistent link: https://www.econbiz.de/10013020289
Recentered influence functions (RIFs) are statistical tools popularized by Firpo, Fortin, and Lemieux (2009) for analyzing unconditional partial effects on quantiles in a regression analysis framework (unconditional quantile regressions). The flexibility and simplicity of these tools has opened...
Persistent link: https://www.econbiz.de/10012871650
Grouped data in the form of income shares have conventionally been used to estimate income inequality due to the lack of individual records. We provide guidance on the choice between parametric and nonparametric methods and its estimation, for which we develop the GB2group R package. We present...
Persistent link: https://www.econbiz.de/10012427916
We show that Bertrand et al.'s (QJE 2015) finding of a sharp drop in the relative income distribution within married couples at the point where wives start to earn more than their husbands is unstable across different estimation procedures and varies across contexts. We apply the estimators by...
Persistent link: https://www.econbiz.de/10012517056
We examine three families of one-parameter functional forms for estimating Lorenz curves: power (elementary and Pareto), exponential (elementary and Gupta) and fractional (Rohde). The computing difficulties to determine the headcount ratio (i.e., the percentage of poor) have been underestimated....
Persistent link: https://www.econbiz.de/10012937624