Two Essays On Stochastic Income Theory

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Two Essays On Stochastic Income Theory

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Author : -. Chin-Yi Chu
language : en
Publisher:
Release Date : 1985

Two Essays On Stochastic Income Theory written by -. Chin-Yi Chu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with categories.

Two Essays On Stochastic Income Theory

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Author : C. Y. Cyrus Chu
language : en
Publisher:
Release Date : 1985

Two Essays On Stochastic Income Theory written by C. Y. Cyrus Chu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1985 with Economic development categories.

future generations is a factor that should be considered in an optimal insurance tax structure.

Two Essays In Stochastic Capital Theory

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Author : Karl Voltaire
language : en
Publisher:
Release Date : 1983

Two Essays In Stochastic Capital Theory written by Karl Voltaire and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Economics categories.

Essays On The Distribution Of Income And Wealth

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Author : Thomas Blanchet
language : en
Publisher:
Release Date : 2020

Essays On The Distribution Of Income And Wealth written by Thomas Blanchet and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.

This thesis covers several topics on the distribution of income and wealth. In the first chapter, we develop a new methodology to exploit tabulations of income and wealth such as the one published by tax authorities. In it, we define generalized Pareto curves as the curve of inverted Pareto coefficients b(p), where b(p) is the ratio between average income or wealth above rank p and the p-th quantile Q(p) (i.e. b(p)=E[X|X>Q(p)]/Q(p)). We use them to characterize entire distributions, including places like the top where power laws are a good description, and places further down where they are not. We develop a method to flexibly recover the entire distribution based on tabulated income or wealth data which produces smooth and realistic shapes of generalized Pareto curves.In the second chapter, we present a new approach to combine survey data with tax tabulations to correct for the underrepresentation of the rich at the top. It endogenously determines a "merging point'' between the datasets before modifying weights along the entire distribution and replacing new observations beyond the survey's original support. We provide simulations of the method and applications to real data. The former demonstrate that our method improves the accuracy and precision of distributional estimates, even under extreme assumptions, and in comparison to other survey correction methods using external data. The empirical applications show that not only can income inequality levels change, but also trends.In the third chapter, we estimate the distribution of national income in thirty-eight European countries between 1980 and 2017 by combining surveys, tax data and national accounts. We develop a unified methodology combining machine learning, nonlinear survey calibration and extreme value theory in order to produce estimates of pre-tax and post-tax income inequality, comparable across countries and consistent with macroeconomic growth rates. We find that inequality has increased in a majority of European countries, especially between 1980 and 2000. The European top 1% grew more than two times faster than the bottom 50% and captured 18% of regional income growth.In the fourth chapter, I decompose the dynamics of the wealth distribution using a simple dynamic stochastic model that separates the effects of consumption, labor income, rates of return, growth, demographics and inheritance. Based on two results of stochastic calculus, I show that this model is nonparametrically identified and can be estimated using only repeated cross-sections of the data. I estimate it using distributional national accounts for the United States since 1962. I find that, out of the 15pp. increase in the top 1% wealth share observed since 1980, about 7pp. can be attributed to rising labor income inequality, 6pp. to rising returns on wealth (mostly in the form of capital gains), and 2pp. to lower growth. Under current parameters, the top 1% wealth share would reach its steady-state value of roughly 45% by the 2040s, a level similar to that of the beginning of the 20th century. I then use the model to analyze the effect of progressive wealth taxation at the top of the distribution.

Essays On Stochastic Growth Theory

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Author : Paul Antony Richardson
language : en
Publisher:
Release Date : 1983

Essays On Stochastic Growth Theory written by Paul Antony Richardson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Economic development categories.

The American Economic Review

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Author :
language : en
Publisher:
Release Date : 2006

The American Economic Review written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Economics categories.

Includes annual List of doctoral dissertations in political economy in progress in American universities and colleges; and the Hand book of the American Economic Association.

Sunspots And Non Linear Dynamics

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Author : Kazuo Nishimura
language : en
Publisher: Springer
Release Date : 2016-12-03

Sunspots And Non Linear Dynamics written by Kazuo Nishimura and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-03 with Business & Economics categories.

This book presents the state-of-the-art in non-linear dynamics and sunspots. These two topics have been the core of an international conference on instability and public policies in a globalized world, organized at Aix-Marseille School of Economics and GREQAM in honor of Jean-Michel Grandmont. He has made significant contributions on general equilibrium theory, monetary theory, learning, aggregation, non-linear dynamics and sunspots. This book assembles contributions by Jean-Michel Grandmont's colleagues, students and friends that have been influenced by his works and that are at the frontier of research in this domain today.

Essays In Stochastic Modeling With Applications To Economics Finance And Insurance

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Author : Richard Wong
language : en
Publisher:
Release Date : 2004

Essays In Stochastic Modeling With Applications To Economics Finance And Insurance written by Richard Wong and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.

Essays On Stochastic Volatility And Random Fiels Models In Finance

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Author : Helen Tsoulouvi
language : en
Publisher:
Release Date : 2006

Essays On Stochastic Volatility And Random Fiels Models In Finance written by Helen Tsoulouvi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Academic theses categories.

Essays In Honor Of Subal Kumbhakar

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Author : Christopher F. Parmeter
language : en
Publisher: Emerald Group Publishing
Release Date : 2024-04-05

Essays In Honor Of Subal Kumbhakar written by Christopher F. Parmeter and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-05 with Business & Economics categories.

It is the editor’s distinct privilege to gather this collection of papers that honors Subhal Kumbhakar’s many accomplishments, drawing further attention to the various areas of scholarship that he has touched.