Estimates of The Black Economy Based on Consumer Demand Approaches  

Oleh:

Lyssiotou, Panayiota ; Pashardes, Panos ; Stengos, Thanasis

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 114 no. 497 (Jul. 2004), page 622-640.
Topik: consumer demand; black economy; consumer demand
Fulltext: 622.pdf (178.62KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.14 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

Lihat Detail Induk

Isi artikel

We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the estimation of the under - reporting of household income from various sources, dispensing with the need to use arbitrary criteria to classify households by their main source of income. It also avoids potential bias in black economy estimates arising from mistaking preference heterogeneity (substitution) as income effects. We illustrate these arguments by estimating the extent to which self - employment income in the UK is under - reported using parametric and nonparametric techniques.

Opini Anda

Klik untuk menuliskan opini Anda tentang koleksi ini!

Kembali