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For the studies of wealth, inequality and poverty, the analysis of income distribution of the individuals is a crucial …
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We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …
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). In addition, our collective rationality test complements the existing nonparametric-experimental evidence on individual … rationality. Focusing on dyads, we find that all observed consumption choices are consistent with the nonparametric collective … rationality conditions. In fact, the consistency results for the parsimonious 'egoistic' collective consumption model (as a tool …
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This paper proposes a methodology to incorporate bivariate models in numerical computations of counterfactual distributions. The proposal is to extend the works of Machado and Mata (2005) and Melly (2005) using the grid method to generate pairs of random variables. This contribution allows...
Persistent link: https://www.econbiz.de/10011411683
societal income inequality, poverty, polarization and societal segmentation are examined. What emerges for the Eurozone as an … behaviour. However, in the face of increasing overall Eurozone inequality, constituent nations were becoming increasingly …
Persistent link: https://www.econbiz.de/10011823306