Collective models identifying resource shares are promising tools to analyze intra-household welfare and poverty. However, their empirical application has proven difficult in practice as authors contend with large standard errors and unstable estimates. This paper uses a prominent framework to show how a common feature of the structure of these models makes the task so difficult and proposes an empirical strategy to stabilize the estimates.
Estimating household resource shares: A shrinkage approach / TOMMASI D; WOLF A. - In: ECONOMICS LETTERS. - ISSN 0165-1765. - STAMPA. - 163:(2018), pp. 75-78. [10.1016/j.econlet.2017.11.030]
Estimating household resource shares: A shrinkage approach
TOMMASI D
;
2018
Abstract
Collective models identifying resource shares are promising tools to analyze intra-household welfare and poverty. However, their empirical application has proven difficult in practice as authors contend with large standard errors and unstable estimates. This paper uses a prominent framework to show how a common feature of the structure of these models makes the task so difficult and proposes an empirical strategy to stabilize the estimates.File in questo prodotto:
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