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A Comment on Fitting Pareto Tails to Complex Survey Data

A Comment on Fitting Pareto Tails to Complex Survey Data

Wildauer, Rafael ORCID: 0000-0001-6395-6286 and Kapeller, Jakob (2019) A Comment on Fitting Pareto Tails to Complex Survey Data. [Working Paper] (Unpublished)

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Abstract

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.

Item Type: Working Paper
Uncontrolled Keywords: pareto distribution, complex survey data, wealth distribution
Subjects: H Social Sciences > HB Economic Theory
Faculty / Department / Research Group: Faculty of Business
Faculty of Business > Department of International Business & Economics
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA)
Faculty of Business > Institute of Political Economy, Governance, Finance and Accountability (IPEGFA) > Greenwich Political Economy Research Centre (GPERC)
Last Modified: 26 Nov 2019 21:10
Selected for GREAT 2016: None
Selected for GREAT 2017: None
Selected for GREAT 2018: None
Selected for GREAT 2019: None
URI: http://gala.gre.ac.uk/id/eprint/26009

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