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A major problem encountered in studies of income inequality at regional and global levels is the estimation of income distributions from data that are in a summary form. In this paper we estimate national and regional income distributions within a general framework that relaxes the assumption of...
Persistent link: https://www.econbiz.de/10005458669
We show how the generalized method of moments (GMM) framework developed in Hajargasht et al. (2012) for estimating income distributions from grouped data can be adapted for estimating mixtures. This approach can be used to estimate a mixture of any distributions where the moments and moment...
Persistent link: https://www.econbiz.de/10010903426
The (double) Pareto-lognormal is an emerging parametric distribution for income that has a sound underlying generating process, good theoretical properties, and favourable evidence of its fit to data. We extend existing results for this distribution in 3 directions. We derive closed form formula...
Persistent link: https://www.econbiz.de/10010903427
Hypothesis tests for dominance in income distributions has received considerable attention in recent literature. See, for example, Barrett and Donald (2003), Davidson and Duclos (2000) and references therein. Such tests are useful for assessing progress towards eliminating poverty and for...
Persistent link: https://www.econbiz.de/10005574832
A stochastic production frontier model is formulated within the generalized production function framework popularized by Zellner and Revankar (1969) and Zellner and Ryu (1998). This framework is convenient for parsimonious modeling of a production function with variable returns to scale...
Persistent link: https://www.econbiz.de/10005587705
As indicators of social welfare, the incidence of inequality and poverty is of ongoing concern to policy makers and researchers alike. Of particular interest are the changes in inequality and poverty over time, which are typically assessed through the estimation of income distributions. From...
Persistent link: https://www.econbiz.de/10008554053
We develop a GMM procedure for estimating income distributions from grouped data with unknown group bounds. The approach enables us to obtain standard errors for the estimated parameters and functions of the parameters, such as inequality and poverty measures, and to test the validity of an...
Persistent link: https://www.econbiz.de/10009319015