Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/73229
Authors: 
Riese, Martin
Year of Publication: 
2002
Series/Report no.: 
Working Paper, Department of Economics, Johannes Kepler University of Linz 0211
Abstract: 
The class of new worse/better than used in expectation on average (NWUEA/NBUEA) distributions is proposed. It is defined by the requirement that for each age t a weighted average of mean residual lives be greater/smaller than the life expectancy at birth. The weights are the shares of ages up to t in the steady state stock which results from cohorts whose density is to be classified. The NWUEA class has a second order stochastic dominance property whose first order counterpart defines the class of new worse than used in expectation (NWUE) distributions.
Subjects: 
NWUE distribution
stochastic dominance
JEL: 
C41
Document Type: 
Working Paper

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