Journal ArticleDOI
Inequality and growth: From micro theory to macro empirics
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In this paper, the authors show that the way individual income data should be aggregated into an index of inequality in order to explain countries' growth performance is theory specific, and that the use of a wrong measure might obscure the inequality-growth relationship and that relative performance of different measures of inequality can be informative about the channel through which inequality influences economic growth.Abstract:
We show that the way individual income data should be aggregated into an index of inequality in order to explain countries' growth performance is theory specific. A simulation set-up shows that the use of a wrong measure might obscure the inequality-growth relationship and that the relative performance of different measures of inequality can be informative about the channel through which inequality influences economic growth.read more
Citations
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A comparison of different project duration forecasting methods using earned value metrics
TL;DR: In this paper, the authors compare the classic earned value performance indicators SV and SPI with the newly developed earned schedule performance indicators S( t ) and SPI( t ), and compare the three methods from literature to forecast total project duration.
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Predicting customer retention and profitability by using random forests and regression forests techniques
Bart Larivière,Dirk Van den Poel +1 more
TL;DR: The research findings demonstrate that both random forests techniques provide better fit for the estimation and validation sample compared to ordinary linear regression and logistic regression models, and suggest that past customer behavior is more important to generate repeat purchasing and favorable profitability evolutions.
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Heterogeneity and aggregation
TL;DR: In this paper, a survey covers recent solutions to aggregation problems in three application areas, consumer demand analysis, consumption growth and wealth, and labor participation and wages, which involves treatment of heterogeneity and nonlinearity at the individual level.
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Effort and Comparison Income: Experimental and Survey Evidence
TL;DR: In this article, the authors test the hypothesis that individual effort on the job depends both on one's own income and on the individual's position in the relevant income distribution, finding that an individual's rank in the income distribution more strongly determines effort than does others' average income.
Neural network survival analysis for personal loan data
TL;DR: This paper contrasts the performance of a neural network survival analysis model with that of the proportional hazards model for predicting both loan default and early repayment using data from a UK financial institution.
References
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Journal ArticleDOI
On the Measurement of Inequality
TL;DR: In this paper, the problem of comparing two frequency distributions f(u) of an attribute y which for convenience I shall refer to as income is defined as a risk in the theory of decision-making under uncertainty.
Journal ArticleDOI
A Rational Theory of the Size of Government
Allan H Meltzer,Scott F. Richard +1 more
TL;DR: In a general equilibrium model of a labor economy, the size of government, measured by the share of income redistributed, is determined by majority rule as mentioned in this paper, where voters rationally anticipate the disincentive effects of taxation on the labor-leisure choices of their fellow citizens and take the effect into account when voting.
Journal ArticleDOI
Distributive Politics and Economic Growth
Alberto Alesina,Dani Rodrik +1 more
TL;DR: This paper analyzed the relationship between economics and politics and concluded that inequality is conducive to the adoption of growth-retarding policies, and presented cross-country evidence consistent with it. But their analysis focused on how an economy's initial configuration of resources shapes the political struggle for income and wealth distribution, and how that, in turn, affects long run growth.
Book
Is inequality harmful for growth
Torsten Persson,Guido Tabellini +1 more
TL;DR: In this article, a theoretical model for the relationship between inequality and economic growth is proposed, and the model implications are supported by the evidence that both historical panel data and post-war cross-sectional data indicate a significant and large negative relation between inequalities and growth.
Posted Content
A New Data Set Measuring Income Inequality
Klaus Deininger,Lyn Squire +1 more
TL;DR: In this article, a new data set on inequality in the distribution of income is presented, and the authors explain the criteria they applied in selecting data on Gini coefficients and on individual quintile groups' income shares.