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dr Piotr Paradowski
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- Assistant professor at Katedra Statystyki i Ekonometrii
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total: 11
Catalog Publications
Year 2023
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Harmonization and Quality Assurance of Income and Wealth Data: The Case of LIS.
PublicationComparability of concepts in survey data harmonization is essential for scientific analyses. LIS – also known as the Luxembourg Income Study or LIS Cross-National Data Center in Luxembourg – acquires and harmonizes income and wealth microdata to provide the scientific community with a comparable database that is unique in the world in its growing temporal and geographic breadth. Over many decades, scholars worldwide have used the...
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Pluralist View on Inequality from Luxemburg Income Study (LIS)
PublicationThe authors start by reviewing the history of the Luxembourg Income Study (LIS), originating from an interdisciplinary project involving economists, sociologists, and political scientists, centered on the cross-country perspective in inequality analysis. They then conduct a meta-analysis of the papers produced by scholars who have taken advantage of the data availability, showing how the theme of income/wealth inequality has been...
Year 2022
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Investor confidence and high financial literacy jointly shape investments in risky assets
PublicationHouseholds consistently invest less in equities and bonds than predicted by economic theory. We explain this from a behavioral economics perspective and distributional analysis using rich US survey microdata. We find that higher investor self-confidence in her financial abilities and financial literacy jointly increase the probability of investing in equities. Conditional on participation, confidence in the macroeconomy additionally...
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Investor confidence and high financial literacy jointly shape investments in risky assets
PublicationHouseholds consistently invest less in equities and bonds than predicted by economic theory. We explain this from a behavioral economics perspective and distributional analysis using rich US survey microdata. We find that higher investor self-confidence in her financial abilities and financial literacy jointly increase the probability of investing in equities. Conditional on participation, confidence in the macroeconomy additionally...
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The atlas of inequality aversion: theory and empirical evidence on 55 countries from the Luxembourg Income Study database
PublicationResearch background: In the distributive analysis, the constant relative inequality aversion utility function is a standard tool for ethical judgements of income distributions. The sole parameter ε of this function expresses a society’s aversion to inequality. However, the profession has not committed to the range of ε. When assessing inequality and other welfare characteristics, analysts assume an arbitrary level of ε, common...
Year 2021
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Digital technologies and women's empowerment – casting the bridges
PublicationThis work briefly discusses the nexuses between digital technology development and adoption across societies, and its potential impact on overall welfare through women’s economic empowerment. In the first section it sets out the context and background. Next, Section 2 demonstrates the state of access to and the use of digital technologies across the world. Section 3 intends to trace the causal links and channels of digital technologies'...
Year 2020
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Confidence, Financial Literacy and Investment in Risky Assets: Evidence from the Survey of Consumer Finances
PublicationWe employ recent Survey of Consumer Finances (SCF) microdata from the US to analyze the impacts of confidence in one's own financial knowledge, confidence in the economy, and objective financial literacy on investment in risky financial assets (equity and bonds) on both the extensive and intensive margins. Controlling for a rich set of covariates including risk aversion, we find that objective financial literacy is positively...
Year 2019
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Can unequal distributions of wealth influence vote choice? A comparative study of Germany, Sweden and the United States.
PublicationIt is widely accepted that income influences voting behavior. Does wealth? Is the effect similar across countries? Studies of wealth and voting behavior have not existed until recently, in part because of the absence of data on wealth holdings. The findings in this chapter indicate that wealth is related to voting behavior in some countries but not in others. The chapter models the effects of wealth on one form of voting behavior,...
Year 2014
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Electoral Turnout and State Redistribution: A Cross-National Study of Fourteen Developed Countries
PublicationThis study explores the relationship between electoral participation and income redistribution by way of social transfers, using data from the European Social Survey, the Comparative Study of Electoral Systems, and the Luxembourg Income Study. It extends previous research by measuring the income skew of turnout rather than using average turnout as a proxy for its income bias. We find that, controlling for a number of other variables,...
Year 2013
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Political Sources of Government Redistribution in High-Income Countries
PublicationIn cross-national empirical work on income inequality and government redistribution, the greatest emphasis has been on the extremes of the income scale. Less work has been done on groups that are neither rich nor poor—the middle class. The lack of attention to this group is unfortunate for several reasons. Most obviously, the middle class, if defined as the three middle income quintile groups, is by far the largest income group,...
Year 2009
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Electoral support for extreme right-wing parties: A sub-national analysis of western European elections
PublicationThis paper addresses two major limitations of cross-national research on electoral support for extreme right parties (ERPs) in western Europe: its almost exclusive focus on national-level data and its failure to examine the role of the social welfare state and social capital. We employ Tobit I estimations in an additive and interactive model and compute conditional coefficients and standard errors for several interactive variables....
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