Variance Estimation for Richness Measures

Michał Brzeziński

No 11, LWS Working papers from LIS Cross-National Data Center in Luxembourg

Abstract: Richness indices are distributional statistics used tomeasure incomes, earnings or wealth of the rich. This paper uses a linearization method to derive the sampling variances for recently introduced two classes of distributionally-sensitive richness measures, when estimated from survey data. The results are derived for both absolute and relative richness lines. The approach used allows easily to take into account the effects of complex sampling design. The variance formulae are illustrated with a comparison of wealth richness in Canada, Sweden, the United Kingdom and the United States.

Keywords: richness; affluence; distributional indices; variance estimation; statistical inference (search for similar items in EconPapers)
JEL-codes: C12 C46 D31 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2011-11
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Citations:

Published in Applied Economics 46, no. 14 (2014): 1599–1608

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Related works:
Working Paper: Variance estimation for richness measures (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:lis:lwswps:11

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