The evolution of poverty in the EU-28: a further look based on multivariate tail dependence

César Garcia-Gomez, Ana Pérez and Mercedes Prieto-Alaiz
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César Garcia-Gomez: University of Valladolid
Ana Pérez: University of Valladolid
Mercedes Prieto-Alaiz: University of Valladolid

No 605, Working Papers from ECINEQ, Society for the Study of Economic Inequality

Abstract: This paper proposes a graphical tool based on the copula function, namely the mul-tivariate tail concentration function, to represent the dependence structure on the tailsof a multivariate joint distribution. We illustrate the use of this function to measuredependence between poverty dimensions. In particular, we analyse how multivariate taildependence between the dimensions of the AROPE rate evolved in the EU-28 between2008 and 2018. We nd evidence of lower tail dependence in all EU-28 countries, al-though this dependence is time-varying over the period analysed and the e ect of theGreat Recession on this dependence is not homogeneous over all countries.

Keywords: Multivariate tail dependence; Copula; Poverty; AROPE rate; Europe. (search for similar items in EconPapers)
JEL-codes: D63 I32 O52 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2022-03
New Economics Papers: this item is included in nep-ecm and nep-eur
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:inq:inqwps:ecineq2022-605

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