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Measuring Welfare Changes In Behavioural Micro Simulation Modeling : Accounting for the Random Utility Component

Creedy, John - 2011

This paper presents a method of predicting individuals' welfare changes (compensating and equivalent variations … heterogeneity in the estimation of preference functions. Yet it is relatively straightforward to implement. An advantage of welfare …

Persistent link: https://www.econbiz.de/10013123823

The optimal composition of government expenditure among transfers, education and public goods.

Creedy, John; Moslehi, Solamz - In: Hacienda Pública Española 194 (2010) 3, pp. 41-64

human capital production function. The social welfare function is based on individuals’ (indirect) utilities. Education …

Persistent link: https://www.econbiz.de/10009225667

The Composition of Government Expenditure in an Overlapping Generations Model

Creedy, John; Li, Shuyun May; Moslehi, Solmaz - Department of Economics, Faculty of Business and Economics - 2009

government chooses expenditures to maximize a social welfare function. The solution is found to take a similar form to that of … the majority voting context, except that a welfare-weighted average income replaces the median income. …

Persistent link: https://www.econbiz.de/10008496360

Inequality Aversion and the Optimal Composition of Government Expenditure

Creedy, John; Li, Shuyun May; Moslehi, Solmaz - 2014

judge chooses expenditures to maximize a social welfare function. The nonlinear solution is found to involve the ratio of a … welfare-weighted average income, which depends on the inequality aversion of the judge, to arithmetic mean income. An …

Persistent link: https://www.econbiz.de/10014189762

Interpreting Inequality Measures and Changes in Inequality

Creedy, John - 2014

This paper explores, in the context of the Atkinson inequality measure, attempts to make interpretations of orders of magnitude transparent. One suggestion is that the analogy of sharing a cake among a very small number of people provides a useful intuitive description for people who want some...

Persistent link: https://www.econbiz.de/10012115687

Microsimulation analysis of optimal income tax reforms : an application to New Zealand

Creedy, John; Gemmell, Norman; Hérault, Nicolas; Mok, Penny - 2018

which social welfare functions are defined in terms of either money metric utility or net income. The model allows for … rate or threshold changes, that are both revenue neutral and welfare improving, are explored in detail, recognising the …

Persistent link: https://www.econbiz.de/10012131230