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Burke, Martin - 2013

The purpose of this short paper is to introduce the General Economic Measurement Scale, a new mathematical object …

Persistent link: https://www.econbiz.de/10012710691

Welfare Analysis with a Proxy Consumption Measure Evidence from a Repeated Experiment in Indonesia

Pradhan, Menno - 2003

mapping of distribution functions reveals the combined effect of systematic differences in measurement and measurement error …. Using a pseudo crosssection approach, I eliminate the effect of measurement error and find that using a high level of … measurement error in the consumption measure derived from the short questionnaire results in higher poverty estimates even if the …

Persistent link: https://www.econbiz.de/10014076006

Toward a framework for time use, welfare, and household-centric economic measurement

Coyle, Diane; Nakamura, Leonard Isamu - 2018

What is meant by economic progress, and how should it be measured? The conventional answer is growth in real GDP over time or compared across countries, a monetary measure adjusted for the general rate of increase in prices. However, there is increasing interest in developing an alternative...

Persistent link: https://www.econbiz.de/10011971348

New imputation procedures in the measurement of inequality, growth, and poverty in Brazil

Hecksher, Marcos; Neri, Marcelo Cortes; Silva, Pedro … - 2018

This paper develops a new imputation methodology applied to missing incomes values in PNAD. PNAD is the main Brazilian household survey, but it has no imputation. The imputation process starts by fitting regression models applied to different income sources considering the complex sampling...

Persistent link: https://www.econbiz.de/10011921416

A Data-Driven Framework for Consistent Financial Valuation and Risk Measurement

Cui, Zhenyu - 2020

In this paper, we propose a general data-driven framework that unifies the valuation and risk measurement of financial …

Persistent link: https://www.econbiz.de/10012829170

Expanded GDP for welfare measurement in the 21st century

Hulten, Charles R.; Nakamura, Leonard Isamu - 2020

paper, we use this framework to provide a detailed critique of existing GDP and price measurement procedures and summarize …

Persistent link: https://www.econbiz.de/10012198573

GDP as a Measure of Economic Growth and Welfare : Brief Critical Assessment

Bulin, Daniel - 2015

The purpose of our paper is to briefly assess the role of GDP in measuring growth and welfare or in getting insight into the state of an economy. In this view, we propose a synthetic theoretical and historical review of national accounting, emphasizing the most important ideological...

Persistent link: https://www.econbiz.de/10013018635

Theoretical Definition and Empirical Measurement of Welfare and Poverty : A Microeconomic Approach

Strengmann-Kuhn, Wolfgang - 2002

The focus of the paper is a theoretical discussion of welfare measurement on a micro level and of identification of … microeconomic household theory. Interestingly, there is a great parallelism between the way the production of utility or welfare is … dealt with in microeconomics and the measurement of welfare and poverty in empirical distribution studies. In this …

Persistent link: https://www.econbiz.de/10014104310

Intra-Household Welfare

Chiappori, Pierre-André - 2014

In this paper we develop an approach to measuring inequality and poverty that recognizes the fact that individuals within households may have both different preferences and differential access to resources. We argue that a measure based on estimates of the sharing rule is inadequate as an...

Persistent link: https://www.econbiz.de/10013053289

Intrahousehold Inequality

Chiappori, Pierre-André - 2014

Studies of inequality often ignore resource allocation within the household. In doing so they miss an important element of the distribution of welfare that can vary dramatically depending on overall environmental and economic factors. Thus, measures of inequality that ignore intra household...

Persistent link: https://www.econbiz.de/10013053293