Estimating household resource shares: A shrinkage approach
Denni Tommasi and
Economics Letters, 2018, vol. 163, issue C, 75-78
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.
Keywords: Collective model; Sharing rule; Resource shares; Demand system; Engel curves; Shrinkage (search for similar items in EconPapers)
JEL-codes: D13 D11 D12 C31 I32 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:163:y:2018:i:c:p:75-78
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