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countries, with emphasis on the role of income inequality.  The focus is on the period since the early-mid-1990s when growth in …-growth story.  While in the majority of countries, growth was the major factor behind falling or increasing poverty, inequality …, high initial levels of inequality limit the effectiveness of growth in reducing poverty while growing inequality reduces …
Persistent link: https://www.econbiz.de/10011004323
Most recent studies on poverty and inequality in developed countries focus on income. In contrast, this paper presents … trends in consumption-based poverty and inequality in nine member countries of the European Union. During the 1980s, both … poverty and inequality increased in Italy, France, the United Kingdom, Germany and Belgium, while decreases in both poverty …
Persistent link: https://www.econbiz.de/10010604880
rise in inequality of income that occured in Chine over those seven years. The Gini coefficient of household income per … for the rise in inequality are economic growth and economic transition. …
Persistent link: https://www.econbiz.de/10005047779
This paper attempts to analyse certain significant aspects of increasing income inequality in China in the nineteen …
Persistent link: https://www.econbiz.de/10005047798
Consider a finite data set where each observation consists of a bunde of contingent consumption chosen by an agent from a constraint set of such bundles.  We develop a general procedure for testing the consistency of this data set with a broad class of models of choice under risk and under...
Persistent link: https://www.econbiz.de/10011159017
We consider an observer who makes a finite number of observations of an industry producing a homogeneous good, where each observation consists of the market price and firm specific production quantities.  We develop a revealed preference test (in the form of a linear program) for the hypothesis...
Persistent link: https://www.econbiz.de/10008677354
If additional information about the distribution of a random variable is available in the form of moment conditions, a weighted kernel density estimate reflecting the extra information can be constructed by replacing the uniform weights with the generalised empirical likelihood probabilities. ...
Persistent link: https://www.econbiz.de/10010661357
Functional Signal plus Noise (FSN) time series models are introduced for the econometric analysis of the dynamics of a large cross-section of prices in which contemporaneous observations are functionally related. A semiparametric FSN model is developed in which a smooth, cubic spline signal...
Persistent link: https://www.econbiz.de/10010661371
This paper develops a revealed preference methodology for exploring whether time inconsistencies in household choice are the product of nonstationarities at the individual level or the result of individual heterogeneity and renegotiation within the collective unit.  An empirical application to...
Persistent link: https://www.econbiz.de/10011004129
I discuss models which allow the local level model, which rationalised exponentially weighted moving averages, to have a time-varying signal/noise ratio.  I call this a martingale component model.  This makes the rate of discounting of data local.  I show how to handle such models...
Persistent link: https://www.econbiz.de/10011004138