A Comment on Fitting Pareto Tails to Complex Survey Data
Rafael Wildauer () and
Jakob Kapeller ()
No 26009, Greenwich Papers in Political Economy from University of Greenwich, Greenwich Political Economy Research Centre
Taking survey data on household wealth as our major example, this short paper discusses some of the issues applied researchers are facing when fitting (type I) Pareto distributions to complex survey data. The major contribution of this paper is twofold: First, we provide a novel take on key aspects of Pareto tail fitting and a new and easy way of implementing the latter. Second, we summarise key results on goodness of fit tests in the context of complex survey data. Taken together we think the paper provides a concise and useful presentation of the fundamentals of Pareto tail fitting with complex survey data.
Keywords: pareto distribution; complex survey data; wealth distribution (search for similar items in EconPapers)
JEL-codes: C46 C83 D31 (search for similar items in EconPapers)
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Working Paper: A comment on fitting Pareto tails to complex survey data (2020)
Working Paper: A Comment on Fitting Pareto Tails to Complex Survey Data (2019)
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