International welfare comparisons and nonparametric testing of multivariate stochastic dominance
国际福利比较与多变量随机占优的非参数检验
Abstract This paper outlines a class of statistical procedures that permit testing of a broad range of multidimensional stochastic dominance hypotheses and, more generally, welfare hypotheses that rely upon multiple stochastic dominance conditions. We apply the procedures to data on income and leisure hours for individuals in Germany, the UK, and the USA. We find that no country first‐order stochastically dominates the others in both dimensions for all years of comparison.…