Arbeitspapier

A nonparametric anallysis of welfare and the economic shocks

The behaviour of the permanent and transitory economic shocks for different levels of households' welfare is studied using both consumption and income measures. After testing for heteroskedasticity of the economic shocks, we use local polynomial regression models to estimate the variance of the shocks conditional on welfare level. Italian data covering the period 1980-2004 show evidence of heteroskedasticity of both the transitory and the permanent economic shocks, with the poor experiencing higher variances. The permanent shocks seem to have a more uniform effect at all welfare levels.

Sprache
Englisch

Erschienen in
Series: cemmap working paper ; No. CWP22/06

Klassifikation
Wirtschaft
Thema
heteroskedasticity , income and consumption welfare measures , local polynomial regression , permanent and transitory shocks

Ereignis
Geistige Schöpfung
(wer)
Rosati, Nicoletta
Ereignis
Veröffentlichung
(wer)
Centre for Microdata Methods and Practice (cemmap)
(wo)
London
(wann)
2006

DOI
doi:10.1920/wp.cem.2006.2206
Handle
Letzte Aktualisierung
10.03.2025, 11:41 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Rosati, Nicoletta
  • Centre for Microdata Methods and Practice (cemmap)

Entstanden

  • 2006

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