Nowcasting the household income distribution
Transcript of Nowcasting the household income distribution
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Control for lags No Yes Yes Yes Yes Yes Yes Yes Yes Yes
Change in/growth of:
Unemployment rate - - - - - - - - -
GDP + + + + + + + +
Wage rate + + + + + + + + +
Average tax wedge - - - - - - - - - -
Disbursement of government + + + + + + + +
Current transfers +
Net current household receipts -
Self-employment rate +
Share price +
Disposable income +
Disposable income growth rate for decile:
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mean abs. error model mean abs. growth rate mean abs. error RW
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CAN
_w7
CAN
FRA
ITA
ITA_
w7
FIN
DNK
KOR
POL
AUT_
w7
SVN
SVN_
w7
POL_
w7
CZE
CZE_
w7
IRL_
w7
LUX
LUX_
w7
USA
PRT_
w7
PRT
SWE
ESP
GBR
EST_
w7
EST
IRL
BEL_
w7
DEU
SVK
SVK_
w7
mean abs. prediction error model mean abs. growth rate
mean abs. prediction error random walk