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International welfare comparisons and nonparametric testing of multivariate stochastic dominance

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Author Info
Brian McCaig (Department of Economics, University of Toronto, Toronto, Ontario, Canada)
Adonis Yatchew (Department of Economics, University of Toronto, Toronto, Ontario, Canada)

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Abstract

This paper outlines a class of statistical procedures that permit testing of a broad range of multidimensional stochastic dominance hypotheses and, more generally, welfare hypotheses that rely upon multiple stochastic dominance conditions. We apply the procedures to data on income and leisure hours for individuals in Germany, the UK, and the USA. We find that no country first-order stochastically dominates the others in both dimensions for all years of comparison. Furthermore, while in general the USA stochastically dominates Germany and the UK with respect to income, in most periods Germany stochastically dominates with respect to leisure hours. Finally, we find evidence that bivariate poverty (which refers, for example, to the working poor, that is, those who have little leisure and low income) is lower in Germany than in either the UK or the USA. On the other hand, poverty comparisons between the UK and the USA are sensitive to the subpopulation of individuals considered. Copyright © 2007 John Wiley & Sons, Ltd.

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File URL: http://hdl.handle.net/10.1002/jae.964
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File URL: http://qed.econ.queensu.ca:80/jae/2007-v22.5/
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Publisher Info
Article provided by John Wiley & Sons, Ltd. in its journal Journal of Applied Econometrics.

Volume (Year): 22 (2007)
Issue (Month): 5 ()
Pages: 951-969
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Handle: RePEc:jae:japmet:v:22:y:2007:i:5:p:951-969

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Garry F. Barrett & Stephen G. Donald, 2003. "Consistent Tests for Stochastic Dominance," Econometrica, Econometric Society, vol. 71(1), pages 71-104, January. [Downloadable!] (restricted)
  2. Atkinson, Anthony B & Bourguignon, Francois, 1982. "The Comparison of Multi-Dimensioned Distributions of Economic Status," Review of Economic Studies, Blackwell Publishing, vol. 49(2), pages 183-201, April. [Downloadable!] (restricted)
  3. Hall, Peter & Yatchew, Adonis, 2005. "Unified approach to testing functional hypotheses in semiparametric contexts," Journal of Econometrics, Elsevier, vol. 127(2), pages 225-252, August. [Downloadable!] (restricted)
  4. Ian Crawford, 2005. "A nonparametric test of stochastic dominance in multivariate distributions," Department of Economics Discussion Papers 1205, Department of Economics, University of Surrey. [Downloadable!]
  5. Schettkat, Ronald, 2003. "Differences in US-German Time-Allocation: Why Do Americans Work Longer Hours than Germans?," IZA Discussion Papers 697, Institute for the Study of Labor (IZA). [Downloadable!]
  6. Jean-Yves Duclos & David E. Sahn & Stephen D. Younger, 2006. "Robust Multidimensional Poverty Comparisons," Economic Journal, Royal Economic Society, vol. 116(514), pages 943-968, October. [Downloadable!] (restricted)
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  7. Oliver Linton & Esfandiar Maasoumi & Yoon-Jae Whang, 2005. "Consistent Testing for Stochastic Dominance under General Sampling Schemes," Review of Economic Studies, Blackwell Publishing, vol. 72(3), pages 735-765, 07. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Christoffer Sonne-Schmidt & Finn Tarp & Lars Peter Østerdal, 2008. "Ordinal Comparison of Multidimensional Deprivation: theory and application," Discussion Papers 08-33, University of Copenhagen. Department of Economics. [Downloadable!]
  2. Thanasis Stengos & Brennan S. Thompson & Ximing Wu, 2009. "The Evolution of the Conditional Joint Distribution of Life Expectancy and Per Capita Income Growth," Working Papers 0901, University of Guelph, Department of Economics. [Downloadable!]
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