Various inequality and social welfare measures often depend heavily on the choice of a distribution of income. Picking a distribution that best fits the data involves throwing away information and does not allow for the fact that a wrong choice can be made. Instead, Bayesian model averaging...

Part I Productivity Measurement -- 1. Productivity Measurement – Past, Present and Future -- 2. Symmetric Decompositions of Aggregate Output and Labour Productivity Growth: On Levels, (Non-) Additivity, and Misallocation -- 3. Efficiency Analysis with Stochastic Frontier Models using Popular...