Arbeitspapier
An Expenditure Based Estimate of Britain's Black Economy Revisited
The seminal paper by Pissarides and Weber (1989) is one of several previous studies trying to measure the size of the black economy. Pissarides and Weber compared the relationship between food expenditure and income in two groups of workers, self-employed and employees in employment, assuming that employees reported income correctly. For a given level of reported income, the self-employed had a higher food expenditure than employees. Pissarides and Weber concluded that self-employed's actual income was 1.55 times reported income, and that this part of the black economy was about 5.5 percent of GDP in the UK in 1982. Presumably due to a too informal argumentation, Pissarides and Weber's estimators are not entirely correct and alternative estimators have been overlooked. In all, I suggest three different interval estimators for mean under-reporting. The first is obtained by formally solving optimization problems which Pissarides and Weber tried to solve informally. The other two follows from recognizing, and incorporating, parameter restrictions which were not fully appreciated.
- Sprache
-
Englisch
- Erschienen in
-
Series: Discussion Papers ; No. 414
- Klassifikation
-
Wirtschaft
Personal Income, Wealth, and Their Distributions
Macroeconomics: Consumption; Saving; Wealth
Tax Evasion and Avoidance
Fiscal Policies and Behavior of Economic Agents: Household
Labor Demand
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
- Thema
-
Self-Employment
Under-Reporting of Income
Household Consumption
Black Economy
Informal Sector.
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Wangen, Knut R.
- Ereignis
-
Veröffentlichung
- (wer)
-
Statistics Norway, Research Department
- (wo)
-
Oslo
- (wann)
-
2005
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Wangen, Knut R.
- Statistics Norway, Research Department
Entstanden
- 2005
Ähnliche Objekte (12)
TABLE VI. - ESTIMATE OF EXPENDITURE FOR 1911 AND 1912.
What drives health care expenditure? Baumol's model of 'unbalanced growth' revisited
International comparisons of government expenditure revisited : the developing countries, 1975-86
Royal Indian Marine revised estimate of probable actual receipts and expenditure, 1894-95 and budget estimate 1895-96 for the year 1895-96
ESTIMATE
Great Britain and the continent : splendid isolation revisited
Book Review: Representing black Britain: black and asian images on television
Book Review: Representing black Britain: black and asian images on television
On being bisexual and black in Britain
Expenditure.
Pink, black, brown and yellow: Multiracial Britain, [Hauptbd.].
Children’s publishing and black Britain, 1965-2015
TABLE VI. - ESTIMATE OF EXPENDITURE FOR 1911 AND 1912.
What drives health care expenditure? Baumol's model of 'unbalanced growth' revisited
International comparisons of government expenditure revisited : the developing countries, 1975-86
Royal Indian Marine revised estimate of probable actual receipts and expenditure, 1894-95 and budget estimate 1895-96 for the year 1895-96
ESTIMATE
Great Britain and the continent : splendid isolation revisited
Book Review: Representing black Britain: black and asian images on television
Book Review: Representing black Britain: black and asian images on television
On being bisexual and black in Britain
Expenditure.
Pink, black, brown and yellow: Multiracial Britain, [Hauptbd.].
Children’s publishing and black Britain, 1965-2015
TABLE VI. - ESTIMATE OF EXPENDITURE FOR 1911 AND 1912.
What drives health care expenditure? Baumol's model of 'unbalanced growth' revisited
International comparisons of government expenditure revisited : the developing countries, 1975-86
Royal Indian Marine revised estimate of probable actual receipts and expenditure, 1894-95 and budget estimate 1895-96 for the year 1895-96
ESTIMATE
Great Britain and the continent : splendid isolation revisited
Book Review: Representing black Britain: black and asian images on television
Book Review: Representing black Britain: black and asian images on television
On being bisexual and black in Britain
Expenditure.
Pink, black, brown and yellow: Multiracial Britain, [Hauptbd.].