Arbeitspapier
World welfare is rising: Estimation using nonparametric bounds on welfare measure
I take a new approach to measuring world inequality and welfare over time by constructing robust bounds for these series instead of imposing parametric assumptions to compute point estimates. I derive sharp bounds on the Atkinson inequality index that are valid for any underlying distribution of income conditional on given fractile shares and the Gini coefficient. While the bounds are too wide to reject the hypothesis that world inequality may have risen, I show that world welfare rose unambiguously between 1970 and 2006. This conclusion is valid for alternative methods of dealing with countries and years with missing surveys, alternative survey harmonization procedures, and alternative GDP series, or if the inequality surveys used systematically underreport the income of the very rich or suffer from nonresponse bias.
- Sprache
-
Englisch
- Erschienen in
-
Series: Staff Report ; No. 662
- Klassifikation
-
Wirtschaft
General Welfare; Well-Being
Mathematical Methods
- Thema
-
world income distribution
inequality and welfare measures
nonparametric bounds
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Pinkovskiy, Maxim L.
- Ereignis
-
Veröffentlichung
- (wer)
-
Federal Reserve Bank of New York
- (wo)
-
New York, NY
- (wann)
-
2013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Pinkovskiy, Maxim L.
- Federal Reserve Bank of New York
Entstanden
- 2013
Ähnliche Objekte (12)
Top Incomes, Rising Inequality, and Welfare
Top Incomes, Rising Inequality, and Welfare
Top Incomes, Rising Inequality, and Welfare
Top incomes, rising inequality, and welfare
The welfare impact of rising food prices
Rising indebtedness and temptation: A welfare analysis
Sharp for SARP: Nonparametric bounds on the behavioural and welfare effects of price changes
Nonparametric Welfare Analysis for Discrete Choice: Levels and Differences of Individual and Social Welfare
Introduction. Ambivalences of the Rising Welfare Service State – Hopes and Hazard of Modern Welfare Architectures.
Does a third bound help? Parametric and nonparametric welfare measures from a CV interval data study
A nonparametric anallysis of welfare and the economic shocks
Subjective Questions to Measure Welfare and Well-being
Top Incomes, Rising Inequality, and Welfare
Top Incomes, Rising Inequality, and Welfare
Top Incomes, Rising Inequality, and Welfare
Top incomes, rising inequality, and welfare
The welfare impact of rising food prices
Rising indebtedness and temptation: A welfare analysis
Sharp for SARP: Nonparametric bounds on the behavioural and welfare effects of price changes
Nonparametric Welfare Analysis for Discrete Choice: Levels and Differences of Individual and Social Welfare
Introduction. Ambivalences of the Rising Welfare Service State – Hopes and Hazard of Modern Welfare Architectures.
Does a third bound help? Parametric and nonparametric welfare measures from a CV interval data study
A nonparametric anallysis of welfare and the economic shocks
Subjective Questions to Measure Welfare and Well-being
Top Incomes, Rising Inequality, and Welfare
Top Incomes, Rising Inequality, and Welfare
Top Incomes, Rising Inequality, and Welfare
Top incomes, rising inequality, and welfare
The welfare impact of rising food prices
Rising indebtedness and temptation: A welfare analysis
Sharp for SARP: Nonparametric bounds on the behavioural and welfare effects of price changes
Nonparametric Welfare Analysis for Discrete Choice: Levels and Differences of Individual and Social Welfare
Introduction. Ambivalences of the Rising Welfare Service State – Hopes and Hazard of Modern Welfare Architectures.
Does a third bound help? Parametric and nonparametric welfare measures from a CV interval data study
A nonparametric anallysis of welfare and the economic shocks