Showing 1 - 10 of 11,997
actuarial science for evaluating insurance pricing models. The purpose of this tutorial is to discuss the Gini index, both its …
Persistent link: https://www.econbiz.de/10014239000
Persistent link: https://www.econbiz.de/10003661380
This paper discusses the measurement of ex-ante inequality of opportunity for binary outcome variables. We argue that the use of scale but not translation invariant inequality measures such as the dissimilarity index might be problematic depending on the aim of the study. The main concern is...
Persistent link: https://www.econbiz.de/10013035899
This study proposes the mode-based decomposition approach to better examine the change of the more impoverished population's wealth into growth and distribution effects. Given Gibrat’s law, the decomposition first approximates the income distribution to lognormal distribution using the maximum...
Persistent link: https://www.econbiz.de/10013234598
In this paper I show that recently proposed methods to quantify the level of inequality of opportunity are likely to be downward biased when the dependent variable is a proxy for an unobserved concept. Using a multidimensional framework of development, such as the capability approach, or a...
Persistent link: https://www.econbiz.de/10013089990
Recentered influence functions (RIFs) are statistical tools popularized by Firpo, Fortin, and Lemieux (2009) for analyzing unconditional partial effects on quantiles in a regression analysis framework (unconditional quantile regressions). The flexibility and simplicity of these tools has opened...
Persistent link: https://www.econbiz.de/10012871650
We examine three families of one-parameter functional forms for estimating Lorenz curves: power (elementary and Pareto), exponential (elementary and Gupta) and fractional (Rohde). The computing difficulties to determine the headcount ratio (i.e., the percentage of poor) have been underestimated....
Persistent link: https://www.econbiz.de/10012937624
This paper introduces in statistics the notion of the barycenter of the distribution of a non-negative random variable and explores its relation with the Gini index, the concentration area, and the Gini’s mean difference. The introduction of the barycenter allows for new economic, geometrical,...
Persistent link: https://www.econbiz.de/10013296327
This paper introduces in statistics the notion of the barycenter of the distribution of a non-negative random variable Y with a positive finite mean μY and the quantile function Q(x). The barycenter is denoted by μX and defined as the expected value of the random variable X having the...
Persistent link: https://www.econbiz.de/10013174492
Persistent link: https://www.econbiz.de/10014304385