A selection criterion for choosing between functional forms of income distribution
Hirschberg, J. G.; Molina, D. J.; Slottje, D. J.; Hirschberg, J. G.; Department of Economics, Southern Methodist University; Molina, D. J.; Department of Economics, University of North Texas; Slottje, D. J.; Department of Economics, Southern Methodist University
Журнал:
Econometric Reviews
Дата:
1998
Аннотация:
The value of Elderton's k - criterion can be bounded for a given pdf. This paper presents these bounds for the most widely used distribution functions for income and computes the value of K for household incomes as reported in the Consumer Population Survey. The variance for theK are also estimated using the bootstrap, jackknife and delta methods. We find that the K can be used to narrow the field of potential pdfs for income and that all three methods for estimating the variance coincide in flagging low precision in the estimated K.
420.1Кб