Deprivation dominance is a useful concept for evaluating poverty profiles (poverty rate, gap, and inequality among the poor) across regions and/or over time. In this paper, we develop a distribution-free test for deprivation dominance---an one-sided joint test for the differences between two...

How do firms adjust prices in the marketplace? Do they tend to adjust prices infrequently in response to changes in market conditions? If so, why? These remain key questions in macroeconomics, particularly for central banks that work to keep inflation low and stable. The authors use the Bank of...

A generalized Lorenz (GL) curve differs from a Lorenz curve in that the former is a rescaled version of the latter. A GL curve represents the relationship between the average income computed from a cumulative percentage of the population and the corresponding cumulative percentage. GL dominance...