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We discuss the application of the GHK simulation method to maximum likelihood estimation of the multivariate probit regression model, and describe and illustrate a Stata program mvprobit for this purpose.
Persistent link: https://www.econbiz.de/10005028081
Persistent link: https://www.econbiz.de/10005180093
We derive the sampling variances of generalized entropy and Atkinson indices when estimated from complex survey data, and show how they can be calculated straightforwardly using widely available software. We also show that, when the same approach is used to derive variance formulae for the...
Persistent link: https://www.econbiz.de/10005682398
Given the last two decades' changes in the income distribution, is society as a whole now better off or worse off? This is an important question, but it is not immediately obvious that there is a straightforward and clear-cut answer to it. If inequality has increased (the Kinnock view), and yet...
Persistent link: https://www.econbiz.de/10005509251
This paper analyses low income dynamics in Britain using the first four waves of the British Household Panel Survey. There is much low income turnover: although there is a small group of people who are persistently poor, more striking is the relatively large number of low income escapers and...
Persistent link: https://www.econbiz.de/10005509305
This project employs the theory of equality of opportunity, described in Roemer’s book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in ten countries equalize opportunities among citizens for income acquisition. Roughly...
Persistent link: https://www.econbiz.de/10005543543
To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...
Persistent link: https://www.econbiz.de/10005413390
We provide new evidence about the degree of social segregation in England’s secondary schools, employing a cross-national perspective. Analysis is based on data for 27 rich industrialised countries from the 2000 and 2003 rounds of the Programme of International Student Assessment (PISA), using...
Persistent link: https://www.econbiz.de/10005413396
We model the dynamics of social assistance benefit receipt in Britain using data from the British Household Panel Survey, waves 1–15. First, we discuss definitions of social assistance benefit receipt, and present information about the trends between 1991 and 2005 in the receipt of social...
Persistent link: https://www.econbiz.de/10005413405
The March Current Population Survey (CPS) is the primary data source for estimation of levels and trends in labor earnings and income inequality in the USA. Time-inconsistency problems related to top coding in theses data have led many researchers to use the ratio of the 90th and 10th...
Persistent link: https://www.econbiz.de/10005413422