Robust Analysis of Income Inequality Dynamics in Russia: t-Statistic Based Approaches (Record no. 8783)

MARC details
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001 - CONTROL NUMBER
control field pwiiw3189
003 - CONTROL NUMBER IDENTIFIER
control field OSt
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20260518120109.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 121217t2012 au ||||| |||| 00| ||eng d
040 ## - CATALOGING SOURCE
Transcribing agency OSt
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
084 ## - OTHER CLASSIFICATION NUMBER
Classification number C14
-- D31
-- D63
Number source jelc
100 1# - MAIN ENTRY--PERSONAL NAME
Personal name Ibragimov, Rustam
245 10 - TITLE STATEMENT
Title Robust Analysis of Income Inequality Dynamics in Russia: t-Statistic Based Approaches
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Place of publication, distribution, etc. Wien :
Name of publisher, distributor, etc. Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw),
Date of publication, distribution, etc. 2012.
490 1# - SERIES STATEMENT
Series statement wiiw Balkan Observatory Working Papers
Volume/sequential designation 105
520 ## - SUMMARY, ETC.
Summary, etc. Empirical analyses on inequality measurement and those in other fields in economics and finance often face the difficulty that the data is correlated, heterogeneous or heavy-tailed in some unknown fashion. The paper focuses on analogues and modifications of the recently developed t-statistic based robust inference methods that are applicable in the analysis of income and wealth distributions and inequality measures. The methods can be used under general conditions appropriate for real-world markets and have several advantages over other inference approaches available in the literature. We illustrate the use of the robust inference approaches in the study of important problems with pronounced complications for alternative econometric procedures focusing on the analysis of income distribution and inequality in the Russian economy where heterogeneity, outliers and crisis effects are expected to be present. Among other results, the paper provides robust confidence intervals for the Gini coefficient in Russia in the periods before and after the beginning of the on-going crisis. The results considerably complement the point estimates of the Gini coefficient for the Russian economy available in the literature. They further point out to significant changes in income inequality and redistribution of income in Russia prompted by the beginning of the on-going crisis in 2008. In addition to the above results, we also present characterizations of the whole income distribution in Russia using double Pareto models recently introduced to the field. The empirical results for double power-law models for Russian income distribution point out to its significant heavy-tailedness and provide further motivation for the development and applications of robust approaches to inference on income distributions, inequality measures and their dynamics and structural changes, both in emerging and transition economies and developed markets.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Income inequality
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element inequality measures
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element robustness
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element heavy-tailedness
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Russian economy
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name Russia
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Ibragimov, Marat
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Karimov, Jovlon
700 1# - ADDED ENTRY--PERSONAL NAME
Personal name Yuldasheva, Galiya
830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE
Volume/sequential designation 105
Bibliographic record control number WIIW0000140
Title of a work wiiw Balkan Observatory Working Papers
856 40 - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://wiiw.ac.at/p-3189.html">https://wiiw.ac.at/p-3189.html</a>
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Koha item type Paper
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        WIIW WIIW Library 12/17/2012 pwiiw3189   105 1000010003189 12/17/2012 02/05/2019 Paper
The Vienna Instiute for International Economic Studies (wiiw)