In social sciences, especially economics, a stylized fact is a simplified presentation of an empirical finding. A stylized fact is often a broad generalization that summarizes some complicated statistical calculations, which although essentially true may have inaccuracies in the detail. A prominent example of a stylized fact is: "Education significantly raises lifetime income." Another stylized fact in economics is: "In advanced economies, real GDP growth fluctuates in a recurrent but irregular fashion".

Property Value
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  • In social sciences, especially economics, a stylized fact is a simplified presentation of an empirical finding. A stylized fact is often a broad generalization that summarizes some complicated statistical calculations, which although essentially true may have inaccuracies in the detail. A prominent example of a stylized fact is: "Education significantly raises lifetime income." Another stylized fact in economics is: "In advanced economies, real GDP growth fluctuates in a recurrent but irregular fashion". As noted above, scrutiny to detail will often produce counterexamples. In the case given above, holding a PhD may lower lifetime income, because of the years of lost earnings it implies and because many PhD holders enter academia instead of higher-paid fields. Nonetheless, broadly speaking, people with more education tend to earn more, so the above example is true in the sense of a stylized fact. (en)
  • Um fato estilizado é uma aproximação teórica de um fenômeno observado empiricamente. Um fato estilizado pode ter maior ou menor sucesso em prever o comportamento da variável estudada. O termo "fato estilizado" é usado nas ciências sociais, principalmente na Economia. (pt)
  • Стилизованные факты — эмпирические закономерности экономического роста, впервые предложенные Николасом Калдором в статье, опубликованной в 1957 году. (ru)
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http://purl.org/linguistics/gold/hypernym
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  • Um fato estilizado é uma aproximação teórica de um fenômeno observado empiricamente. Um fato estilizado pode ter maior ou menor sucesso em prever o comportamento da variável estudada. O termo "fato estilizado" é usado nas ciências sociais, principalmente na Economia. (pt)
  • Стилизованные факты — эмпирические закономерности экономического роста, впервые предложенные Николасом Калдором в статье, опубликованной в 1957 году. (ru)
  • In social sciences, especially economics, a stylized fact is a simplified presentation of an empirical finding. A stylized fact is often a broad generalization that summarizes some complicated statistical calculations, which although essentially true may have inaccuracies in the detail. A prominent example of a stylized fact is: "Education significantly raises lifetime income." Another stylized fact in economics is: "In advanced economies, real GDP growth fluctuates in a recurrent but irregular fashion". (en)
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  • Stylized fact (en)
  • Fato estilizado (pt)
  • Стилизованные факты (ru)
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