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In this paper we analyse the properties of hierarchical Archimedean copulas. This class is a generalisation of the Archimedean opulas and allows for general non-exchangeable dependency structures. We show that the structure of the copula can be uniquely recovered from all bivariate margins. We...
Persistent link: https://www.econbiz.de/10003814517
El objetivo de este artículo es medir el desempeño del trabajo formal en dos estados de México con vocación económica distinta: Quintana Roo cuya actividad principal es el turismo y Aguascalientes con actividad principalmente industrial. El trabajo se inicia presentando el contexto laboral...
Persistent link: https://www.econbiz.de/10013336020
In this paper we analyse the properties of hierarchical Archimedean copulas. This class is a generalisation of the Archimedean opulas and allows for general non-exchangeable dependency structures. We show that the structure of the copula can be uniquely recovered from all bivariate margins. We...
Persistent link: https://www.econbiz.de/10010263762
The "histogram method" (Young, 2010), while the standard approach for analyzing distributional dynamics in heterogeneous agent models, is linear in optimal policies. We introduce a novel method that captures nonlinearities of distributional dynamics. This method solves the distributional...
Persistent link: https://www.econbiz.de/10014554642
mean and volatility that varies. Although the fitting of heavy tail distributions has become easier due to computational … theoretical distributions. The selection of the appropriate theoretical distribution is not trivial. Therefore, this paper … provides methods for the ordering and comparison of continuous distributions by making a threefold contribution. Firstly, it …
Persistent link: https://www.econbiz.de/10011253060
The "histogram method" (Young, 2010), while the standard approach for analyzing distributional dynamics in heterogeneous agent models, is linear in optimal policies. We introduce a novel method that captures nonlinearities of distributional dynamics. This method solves the distributional...
Persistent link: https://www.econbiz.de/10014553030
-specific distributions. The estimated results are used to study the trends in national inequality, and to discuss the empirical findings in …There are two main types of data sources of income distributions in China: household survey data and grouped data … investigation of the change of inequality over longer, continuous periods of time, and the identification of patterns of inequality …
Persistent link: https://www.econbiz.de/10010284571
This paper examines the nature and extent of global and regional income distribution and inequality using the most … methodology used is a recently developed technique to fit flexible income distributions to limited aggregated data. Empirical … results show a very high degree of global inequality, but with some evidence of inequality decreasing between the two years. …
Persistent link: https://www.econbiz.de/10010284787
This paper proposes a new unified theory of sociobehavioral forces. The goal of the new theory isto integrate theories describing five sociobehavioral processes - comparison (including justiceand self-esteem), status, power, identity, and happiness - bringing under a single theoreticalumbrella...
Persistent link: https://www.econbiz.de/10005860770
distribution of a function of random variables, and choosing between two or more distributions. To illustrate the procedures we … ; deductive theory ; probability distributions ; lognormal distribution ; Pareto distribution ; power-function distribution … ; rectangular distribution ; exponential distribution ; normal distribution ; pooling ; matching ; multilevel modeling ; inequality …
Persistent link: https://www.econbiz.de/10003872719