On the identification of extreme outliers and dragon-kings mechanisms in the upper tail of income distribution

The presence of extreme outliers in the upper tail data of income distribution affects the Pareto tail modeling. A simulation study is carried out to compare the performance of three types of boxplot in the detection of extreme outliers for Pareto data, including standard boxplot, adjusted boxplot and generalized boxplot. It is found that the generalized boxplot is the best method for determining extreme outliers for Pareto distributed data. For the application, the generalized boxplot is utilized for determining the exreme outliers in the upper tail of Malaysian income distribution. In addition, for this data set, the confidence interval method is applied for examining the presence of dragon-kings, extreme outliers which are beyond the Pareto or power-laws distribution.     

Estimation of common location parameter of two exponential populations based on records

Consider the problem of estimating the common location parameter of two exponential populations using record data when the scale parameters are unknown. We derive the maximum likelihood estimator (MLE), the modified maximum likelihood estimator (MMLE) and the uniformly minimum variance unbiased estimator (UMVUE) of the common location parameter. Further, we derive a general result for inadmissibility of an equivariant estimator under the scaled-squared error loss function. Using this result, we conclude that the MLE and the UMVUE are inadmissible and better estimators are provided. A simulation study is conducted for comparing the performances of various competing estimators.     

Household welfare and women empowerment through microcredit financing: Evidence from Malaysia microcredit

Microcredit financing is considered a crucial vehicle to flourish the socioeconomic conditions of women and women empowerment, especially among those who are from low-income households and deprived of access to financial services. Nevertheless, the literature arrived with a conflicting conclusion about its effect and women demonstrate that microcredit has small or no effect. This study is intended to scrutinize the impact of a productive loan provided by Amanah Ikhtiar Malaysia (AIM) on women household welfare and empowerment. A cross-sectional survey was employed through the distribution of a questionnaire to 495 of old and new borrowers. We observe that microcredit has significant positive effects on borrowers’ household income and personal asset acquisition. However, even though the effect of microcredit empowers women borrowers in households’ decisions-making, it has no effect on women control over minor financials.     

Demand shocks and employment adjustments: Does employment protection legislation create rigidity?

With state‐level panel data from the Indian manufacturing sector for 2000–12, and labour turnover as a proxy for employment adjustments, the authors estimate differential effects of demand shocks on employment adjustment across states with high and low levels of EPL. They find that EPL does not hinder employment adjustment; the response of labour separation rates to negative demand shocks is relatively higher in states with high levels of EPL, and labour turnover is inversely associated with EPL, which may be viewed as indicative of the beneficial effects of EPL for both enterprises and workers.     

The relationship between circulating testosterone and inflammatory cytokines in men

Testosterone is the predominant gonadal androgen in men. Low testosterone levels are found to be associated with an increased in metabolic risk and systematic inflammation. Since adipose tissue is a source of inflammatory cytokines, testosterone may regulate inflammation by acting on adipose tissue. This review aimed to explore the role of testosterone in inflammation and its mechanism of action. Both animal studies and human studies showed that (1) testosterone deficiency was associated with an increase in pro-inflammatory cytokines; (2) testosterone substitution reduced pro-inflammatory cytokines. The suppression of inflammation by testosterone were observed in patients with coronary artery disease, prostate cancer and diabetes mellitus through the increase in anti-inflammatory cytokines (IL-10) and the decrease in pro-inflammatory cytokines (IL-1β, IL-6, and TNF-α). Despite these, some studies also reported a non-significant relationship. In conclusion, testosterone may possess anti-inflammatory properties but its magnitude is debatable. More evidence is needed to validate the use of testosterone as a marker and in the management of chronic inflammatory diseases.     

Estimation of common location parameter of several heterogeneous exponential populations based on generalized order statistics

In this article, several independent populations following exponential distribution with common location parameter and unknown and unequal scale parameters are considered. From these populations, several independent samples of generalized order statistics (gos) are drawn. Under the setup of gos, the problem of estimation of common location parameter is discussed and various estimators of common location parameter are derived. The authors obtained maximum likelihood estimator (MLE), modified MLE and uniformly minimum variance unbiased estimator of common location parameter. Furthermore, under scaled-squared error loss function, a general inadmissibility result of invariant estimator is proposed. The derived results are further reduced for upper record values which is a special case of gos. Finally, simulation study and real life example are reported to show the performances of various competing estimators in terms of percentage risk improvement.     

The unheard and forgotten warriors of pandemic in India

ABSTRACT

This narrative tells the story of two groups: Aanganwadi Group and the Nigrani Group. The former consists of women working under the ICDS (Integrated Child Development Scheme), a flagship program of the Government of India. The latter consists of local youth. The groups’ efforts, during the COVID-19 pandemic, are to ensure food security to migrants and other marginalized people. Despite the high risk of them becoming infected with the coronavirus, the Aanganwadi Group and Nigrani Group are working against all the odds. They are risking their lives to save lives, during the total lockdown in India. My story highlights the value of coordinated efforts between groups to optimize relief efforts for migrant workers during this unprecedented time of forced, sudden lockdown.     

Data Gap Analysis,Indicator Selection and Index Development: A Case for Developing Economies

Sustainable Development Goals (SDG) and its measurement is a key policy focus across the globe. Despite existence of several indices and reporting agencies, it is a challenging task to identify progress, specifically in the case of developing economies. These economies are predominantly in Asia and Africa and have a great bearing on global performance. These countries have diverse geographical and cultural elements with an active sub-national institutional framework. Data gap coupled with poor data quality and limited financial support does not help their case. Without appropriate indicator selection and index measurement it is not possible to judge the actual current situation or compare the SDG situation around the world. This paper attempts a practical and simpler approach to overcome the constraints, provide direction and facilitate measurement of SDG position in such countries using the case of India. This is done by identifying gaps, suggesting a tailored approach to indicator selection and measurement and further, developing a suitable index for SDG measurement at the sub-national level. The results and findings should be of great interest for policy making and implementing agencies.