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This study validates the microeconomic model defining the evolution of personal incomes in the U.S. Because of a large portion of population not reporting any income, any comprehensive modeling of the overall personal income distribution (PID) is complicated. Age-dependent PIDs allow overcoming...
Persistent link: https://www.econbiz.de/10005836734
The evolution of Gini coefficient for personal incomes in the USA between 1947 and 2005 is analyzed and modeled. There … definition of income. Therefore the model Gini coefficient potentially better describes true behavior of inequality in the USA …
Persistent link: https://www.econbiz.de/10005619490
Die Arbeit liefert zunächst eine Kritik der zentralen Argumente der modernen Makroökonomik. Hierbei werden insbesondere Aspekte der Aggregation bzw. Mikrofundierung, der Wohlfahrtsanalyse, der Rigorosität der Modellierung und der Lucas-Kritik aufgegriffen. Die vorgestellten Ergebnisse stellen...
Persistent link: https://www.econbiz.de/10008739741
Diese Abhandlung hat die isolierende Betrachtungsweise (ceters-paribus-Analyse) und konzeptionellen Grundlagen der aggregierten Analyse zum Gegenstand. Die Überlegungen bauen auf den Schriften von Alfred Marshall (1842-1924) und John Maynard Keynes (1883-1946) auf.
Persistent link: https://www.econbiz.de/10005649755
This paper represents shortly the contribution of the Professor Lucas in modern macroeconomics, notably famous criticism of the Keynesian models. Contribution which was worth him the Nobel prize of economy 1995.
Persistent link: https://www.econbiz.de/10005835589
natural rate of unemployment relative to the NAIRU. The natural rate of unemployment in the USA since the Second World War is … the NAIRU derived from a Phillips curve - in forecasting inflationary changes in the USA in the second half of the …
Persistent link: https://www.econbiz.de/10005835658
This book describes the estimation and use of Klein Model I, including the formation of the individual equations, the data used for its estimation and the methodology of the construction and use of the model involving the MODLER software and an electronic computer
Persistent link: https://www.econbiz.de/10005835896
This note lays out a roadmap to Datapedia: the goal is to share numbers with the same power and ease that the Wiki has delivered for documents. This would transform the quality and usability of economic data. The goal is a system which, by analogy with Wikipedia can establish a world resource...
Persistent link: https://www.econbiz.de/10005836164
The assumption we submit, because macroeconomic forcasts would be unperfect, is that behavioral equations doesn't enough describe economic behaviours through the capacity of reaction opposite to environment. Further, the forcaster belongs to his search-system, so that, may be, we must now...
Persistent link: https://www.econbiz.de/10005836791
This paper applies G-Econ+, an updated version of the G-Econ database by Nordhaus, to analyze the influence of climatic and geographic factors on the geographic distribution of population and economic activity. I discuss options for improved treatment of several statistical problems associated...
Persistent link: https://www.econbiz.de/10005836889