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Poverty and welfare measurement on the basis of prospect theory

Jäntti, Markus; Kanbur, Ravi; Nyyssölä, Milla; … - 2013

This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity - aspects emphasized in Prospect Theory - to social welfare measurement. We … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

Persistent link: https://www.econbiz.de/10010291490

Inequality Measurement and Tax/Transfer Policy

Apps, Patricia - 2020

We provide a critique of the standard methodology which bases welfare comparisons between households on deflating household income and consumption by an equivalence scale. We argue that this leads to support for tax/transfer policies that significantly disadvantage low to middle in-come...

Persistent link: https://www.econbiz.de/10012830349

Measuring the Competitiveness of Elections

Cox, Gary W. - 2019

The concept of electoral competition plays a central role in many subfields of political science, but no consensus exists on how to measure it. One key challenge is how to conceptualize and measure electoral competitiveness at the district level across alternative electoral systems. Recent...

Persistent link: https://www.econbiz.de/10012892168

Measuring Monetary Policy with Residual Sign Restrictions at Known Shock Dates

Badinger, Harald - 2020

We propose a novel identification strategy to measure monetary policy in a structural VAR. It is based exclusively on known past policy shocks, which are uncovered from high-frequency data, and does not rely on any theoretical a-priori restrictions. Our empirical analysis for the euro area...

Persistent link: https://www.econbiz.de/10012822501

Measurement of Factor Strenght : Theory and Practice

Bailey, Natalia - 2020

This paper proposes an estimator of factor strength and establishes its consistency and asymptotic distribution. The proposed estimator is based on the number of statistically significant factor loadings, taking account of the multiple testing problem. We focus on the case where the factors are...

Persistent link: https://www.econbiz.de/10012839770

Measuring the Economic Risk of Epidemics

Noy, Ilan - 2020

We measure the economic risk of epidemics at a geo-spatially detailed resolution. In addition to data about the epidemic hazard prediction, we use data from 2014-2019 to compute measures for exposure, vulnerability, and resilience of the local economy to the shock of an epidemic. Using a battery...

Persistent link: https://www.econbiz.de/10012844211

A New Macroeconomic Measure of Human Capital Exploiting PISA and PIAAC : Linking Education Policies to Productivity

Égert, Balázs; De la Maisonneuve, Christine; Turner, David - 2022

This paper provides a new measure of human capital using PISA and PIAAC surveys, and mean years of schooling. The new measure is a cohort-weighted average of past PISA scores (representing the quality of education) of the working age population and the corresponding mean years of schooling...

Persistent link: https://www.econbiz.de/10013290779

Airline Delay Propagation : A Simple Method for Measuring its Extent and Determinants

Brueckner, Jan K.; Czerny, Achim Ingo; Gaggero, Alberto A. - 2021

This paper offers a simple approach for identifying propagated departure delays and measuring their contribution to arrival delays. Under our approach, a propagated departure delay occurs when the arrival delay of the inbound flight exceeds the subsequent flight’s ground buffer. The size (or...

Persistent link: https://www.econbiz.de/10013323093

On the Stability of Risk Preferences : Measurement Matters

Harm Adema, Joop Age; Nikolka, Till; Poutvaara, Panu; … - 2021

We exploit the unique design of a repeated survey experiment among students in four countries to explore the stability of risk preferences in the context of the COVID-19 pandemic. Relative to a baseline before the pandemic, we find that self-assessed willingness to take risks decreased while the...

Persistent link: https://www.econbiz.de/10013324220

International Outsourcing and the Supply Side Productivity Determinants

Goswami, Arti Grover - 2021

A service provider firm in an outsourcing relationship is distinct from a typical firm because it is not a stand alone organization and fits somewhere in between the value chain of its client's business. Thus, conventional factors like wages, capital, rent, energy consumption cannot...

Persistent link: https://www.econbiz.de/10013316837