In this paper R2-type measures of the explanatory power of multivariate linear and categorical probit models proposed in the literature are reviewed and their deficiencies are discussed. It is argued that a measure of the explanatory power should take into account the components which are...

The problem of statistical inference in inequality research has persisted despite the solutions long suggested by asymptotic theory. This article provides a thorough analysis of the theoretical and practical aspects of conducting statistical inference in the context of inequality data. Using the...