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This talk will describe some programs to fit generalized beta of the second kind, Singh-Maddala, Dagum, and lognormal distributions to data on income or indeed any other skewed variable of interest. The programs allow the key distributional parameters to vary with covariates, and also handle svy...
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This paper analyzes the relationship between macroeconomic factors and the income distribution using data on equivalized disposable household income from the United Kingdom for 1961–99. We argue in favour of fitting a parametric functional form to the income distribution for each year, and...
Persistent link: https://www.econbiz.de/10009439450
Given the last two decades' changes in the income distribution, is society as a whole now better off or worse off? This is an important question, but it is not immediately obvious that there is a straightforward and clear-cut answer to it. If inequality has increased (the Kinnock view), and yet...
Persistent link: https://www.econbiz.de/10005509251
This project employs the theory of equality of opportunity, described in Roemer’s book (Equality of Opportunity, Harvard University Press, 1998), to compute the extent to which tax-and-transfer regimes in ten countries equalize opportunities among citizens for income acquisition. Roughly...
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To measure income inequality with right censored (topcoded) data, we propose multiple imputation for censored observations using draws from Generalized Beta of the Second Kind distributions to provide partially synthetic datasets analyzed using complete data methods. Estimation and inference...
Persistent link: https://www.econbiz.de/10005413390
We survey the literature on income mobility, aiming to provide an integrated discussion of mobility within- and between-generations. We review mobility concepts, descriptive devices, measurement methods, data sources, and recent empirical evidence.
Persistent link: https://www.econbiz.de/10011128997
This article assesses two secondary data compilations about income inequality – the World Income Inequality Database (WIIDv2c), and the Standardized World Income Inequality Database (SWIIDv4.0) which is based on WIID but with all observations multiply-imputed. WIID and SWIID are...
Persistent link: https://www.econbiz.de/10011132325