I3 - Welfare and Poverty

• Identification of Random Resource Shares in Collective Households Without Preference Similarity Restrictions

  Staff Working Paper 2017-45 Geoffrey R. Dunbar, Arthur Lewbel, Krishna Pendakur

  Resource shares, defined as the fraction of total household spending going to each person in a household, are important for assessing individual material well-being, inequality and poverty. They are difficult to identify because consumption is measured typically at the household level, and many goods are jointly consumed, so that individual-level consumption in multi-person households is not directly observed.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Domestic demand and components, Econometric and statistical methods JEL Code(s): C, C3, C31, D, D1, D11, D12, D13, I, I3, I32

• Sheltered Income: Estimating Income Under-Reporting in Canada, 1998 and 2004

  Staff Working Paper 2015-22 Geoffrey R. Dunbar, Chunling Fu

  We use data from the Survey of Financial Security and the Survey of Household Spending to estimate the incidence and extent of income under-reporting in Canada in 1998 and 2004. We estimate that the proportion of households under-reporting income is roughly 35 to 50 per cent in both years.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): Domestic demand and components JEL Code(s): H, H2, H26, I, I3, I32, K, K4, K42

• Does Financial Integration Increase Welfare? Evidence from International Household-Level Data

  Staff Working Paper 2015-4 Christian Friedrich

  Despite a vast empirical literature that assesses the impact of financial integration on the economy, evidence of substantial welfare gains from consumption risk sharing remains elusive. While maintaining the usual cross-country perspective of the literature, this paper explicitly accounts for household heterogeneity and thus relaxes three restrictive assumptions that have featured prominently in the past.

  Content Type(s): Staff Research, Staff Working Papers Topic(s): International financial markets, International topics, Labour markets, Recent economic and financial developments JEL Code(s): E, E2, E21, F, F3, I, I3, I31