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Pro-poor price trends and inequality : the case of India

Almås, Ingvild; Kjelsrud, Anders - 2016

It is well known that people’s consumption patterns change with income. Relative price changes therefore affect rich and poor consumers differently. Yet, the standard price indices are not income-specific and hence, the use of these mask these differences in cost-of-living. In this paper, we...

Persistent link: https://www.econbiz.de/10011421580

Should we care (more) about data aggregation? : evidence from the democracy-growth-nexus

Gründler, Klaus; Krieger, Tommy - 2019

We compile data for 186 countries (1919 - 2016) and apply different aggregation methods to create new democracy indices. We observe that most of the available aggregation techniques produce indices that are often too favorable for autocratic regimes and too unfavorable for democratic regimes....

Persistent link: https://www.econbiz.de/10011966711

Aggregation in large dynamic panels

Pesaran, M. Hashem; Chudik, Alexander - 2011

This paper considers the problem of aggregation in the case of large linear dynamic panels, where each micro unit is potentially related to all other micro units, and where micro innovations are allowed to be cross sectionally dependent. Following Pesaran (2003), an optimal aggregate function is...

Persistent link: https://www.econbiz.de/10009010169

A general theory of price and quantity aggregation and welfare measurement

Hillinger, Claude - 2002

The paper presents a general theory of the aggregation of prices and quantities that unifies the field and relates topics that in the past have been treated separately and unsatisfactorily, or not at all. The theory does without the common but unrealistic assumptions of homotheticity, or...

Persistent link: https://www.econbiz.de/10011514055

Lost in translation : what do Engel curves tell us about the cost of living?

Almås, Ingvild; Beatty, Timothy K.M.; Crossley, Thomas F. - 2018

The Hamilton method for estimating CPI bias is simple, intuitive, and has been widely adopted. We show that the method … confiates CPI bias with variation in cost-of-living across income levels. Assuming a single price index across the income … implement the Translated Engel curve (TEC) method that disentangles genuine CPI bias from differences caused by comparing …

Persistent link: https://www.econbiz.de/10011794248

Embedding as a pitfall for survey-based welfare indicators : evidence from an experiment

Hetschko, Clemens; Reumont, Louisa von; Schöb, Ronnie - 2017 - This version: March, 2017

How can we assess the welfare of a society, its evolution over time and predict its change due to particular policy interventions? One way is to use survey-based welfare indicators such as the OECD Better Life Index. It invites people to weight a variety of quality of life indicators according...

Persistent link: https://www.econbiz.de/10011638276

Using machine learning for measuring democracy : an update

Gründler, Klaus; Krieger, Tommy - 2021

We provide a comprehensive overview of the literature on the measurement of democracy and present an extensive update … indicator. Second, we calculate intervals that reﬂect the degree of measurement uncertainty. Third, we reﬁne the …

Persistent link: https://www.econbiz.de/10012437859

Optimal weights for marital sorting measures

Almar, Frederik; Schulz, Bastian - 2023

Changing distributions of male and female types affect the measurement of education-based marriage market sorting. We …

Persistent link: https://www.econbiz.de/10014331737

"True believers" or numerical terrorism at the nuclear power plant

Krämer, Walter; Arminger, Gerhard - 2010

For decades, there has been a heated debate about whether or not nuclear power plants contribute to childhood cancer in their respective neighbourhoods, with statisticians testifying on both sides. The present paper points to some flaws in the pro-arguments, taking a recent study prepared for...

Persistent link: https://www.econbiz.de/10008697105

Panel regression with random noise

Ronning, Gerd; Schneeweiß, Hans - 2009

fixed effects estimator, which ignores measurement errors, is biased. By correcting for the bias one can construct …. -- Panel regression ; multiplicative measurement errors ; bias correction ; asymptotic variance ; disclosure control …The paper explores the effect of measurement errors on the estimation of a linear panel data model. The conventional …

Persistent link: https://www.econbiz.de/10003824983