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Stability of household income in European countries in the 1990s

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  • Longford, N.T.
  • Pittau, M.G.

Abstract

This paper explores the patterns of change in the annual household income in the countries of the European Community during the years 1994-1999. The income is modelled by mixtures of multivariate log-normal distributions, and the mixture components are interpreted as representing one subpopulation with steady increments and others with various levels of volatility. The method is extended to models for a combination of log-normal and categorical variables. An index of income stability is defined for the countries. Throughout, we emphasize graphical summaries of the results.

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Bibliographic Info

Article provided by Elsevier in its journal Computational Statistics & Data Analysis.

Volume (Year): 51 (2006)
Issue (Month): 2 (November)
Pages: 1364-1383

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Handle: RePEc:eee:csdana:v:51:y:2006:i:2:p:1364-1383

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  1. Emmanuel Flachaire & Olivier G. Núñez, 2003. "Estimation Of Income Distribution And Detection Of Subpopulations: An Explanatory Model," Statistics and Econometrics Working Papers ws030201, Universidad Carlos III, Departamento de Estadística y Econometría.
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  9. Franco Peracchi, 2002. "The European Community Household Panel: A review," Empirical Economics, Springer, vol. 27(1), pages 63-90.
  10. Longford, N.T. & Pittau, M.G., 2006. "Stability of household income in European countries in the 1990s," Computational Statistics & Data Analysis, Elsevier, vol. 51(2), pages 1364-1383, November.
  11. Paapaa, Richard & van Dijk, Herman K., 1998. "Distribution and mobility of wealth of nations," European Economic Review, Elsevier, vol. 42(7), pages 1269-1293, July.
  12. Shorrocks, A F, 1978. "The Measurement of Mobility," Econometrica, Econometric Society, vol. 46(5), pages 1013-24, September.
  13. Frank Cowell & Christian Schluter, 1998. "Measuring income mobility with dirty data," LSE Research Online Documents on Economics 2079, London School of Economics and Political Science, LSE Library.
  14. Duncan, Greg J & Hill, Daniel H, 1989. "Assessing the Quality of Household Panel Data: The Case of the Panel Study of Income Dynamics," Journal of Business & Economic Statistics, American Statistical Association, vol. 7(4), pages 441-52, October.
  15. Burkhauser, Richard V, et al, 1999. "Testing the Significance of Income Distribution Changes over the 1980s Business Cycle: A Cross-National Comparison," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(3), pages 253-72, May-June.
  16. Chaudhuri, Shubham & Ravallion, Martin, 1994. "How well do static indicators identify the chronically poor?," Journal of Public Economics, Elsevier, vol. 53(3), pages 367-394, March.
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Citations

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Cited by:
  1. Borodkin, Fridrich & Bragin, Vladimir & Shpack, Maria, 2006. "Stability of Incomes Distribution in Modern Russia (1994–2004)," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 3(3), pages 17-67.
  2. Longford, Nicholas T. & Pittau, Maria Grazia, 2003. "Stability of household income in European countries in the 1990's," IRISS Working Paper Series 2003-08, IRISS at CEPS/INSTEAD.
  3. Nicholas Longford & Pierpaolo D’Urso, 2012. "Mixtures of Autoregressions with an Improper Component for Panel Data," Journal of Classification, Springer, vol. 29(3), pages 341-362, October.
  4. Nicholas Longford, 2008. "Inference with the lognormal distribution," Economics Working Papers 1104, Department of Economics and Business, Universitat Pompeu Fabra.
  5. Jitka Bartošová & Vladislav Bína, 2009. "Modelling of Income Distribution of Czech Households in The Years 1996-2005," Acta Oeconomica Pragensia, University of Economics, Prague, vol. 2009(4), pages 3-18.

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