The financial and economic crisis recently experienced by many European countries has increased demand for timely, coherent and consistent distributional information for the household sector. In the Euro area, most of the national central banks collect such information through income and wealth surveys, which are often used to inform their decisions. These surveys, however, may be affected by non-response and under-reporting behaviours which leads to a mismatch with macroeconomic figures coming from national accounts. In this paper, we develop a novel allocation method which combines information from a power law (Pareto) model and imputation procedures so to address these issues simultaneously, when only limited external information is available. Finally, we produce distributional indicators for four Euro-Area countries.
JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org.. Board of Regents of the University of Oklahoma and University of Oklahoma are collaborating with JSTOR to digitize, preserve and extend access to Books Abroad.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.