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.
TOMMASI D, WOLF A (2018). Estimating household resource shares: A shrinkage approach. ECONOMICS LETTERS, 163, 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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