Row 679

Row ID: 679 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 679 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

I don't think the OP is inherently trying to assume Cobb-Douglas, but rather show that even in Cobb-Douglas, the use of Beta is a poor indicator of inequality. It remains to be seen, but probably would be true for other models aside from Cobb-Douglas.

Put another way, what OP is highlighting is that you'd need some additonal assumptions (which are not laid out) to use beta as an accurate assessment of income inequality. These assumptions are unstated, and thus difficult to determine the validity of them.

FieldValue
text I don't think the OP is inherently trying to assume Cobb-Douglas, but rather show that even in Cobb-Douglas, the use of Beta is a poor indicator of inequality. It remains to be seen, but probably would be true for other models aside from Cobb-Douglas. Put another way, what OP is highlighting is that you'd need some additonal assumptions (which are not laid out) to use beta as an accurate assessment of income inequality. These assumptions are unstated, and thus difficult to determine the valid…
label r/econpapers
dataType comment
communityName r/EconPapers
datetime 2021-07-30
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Raw Record

{
  "text": "I don't think the OP is inherently trying to assume Cobb-Douglas, but rather show that even in Cobb-Douglas, the use of Beta is a poor indicator of inequality.  It remains to be seen, but probably would be true for other models aside from Cobb-Douglas.\n\nPut another way, what OP is highlighting is that you'd need some additonal assumptions (which are not laid out) to use beta as an accurate assessment of income inequality.  These assumptions are unstated, and thus difficult to determine the validity of them.",
  "label": "r/econpapers",
  "dataType": "comment",
  "communityName": "r/EconPapers",
  "datetime": "2021-07-30",
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}
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