A selection criterion for choosing between functional forms of income distribution
Authors:
J. G. Hirschberg a;
D. J. Molina b;
D. J. Slottje a
| Affiliations: | a Department of Economics, Southern Methodist University, Dallas, Texas |
| b Department of Economics, University of North Texas, Denton, Texas |
DOI:
10.1080/07474938808800152
Publication Frequency:
6 issues per year
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Abstract
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.
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| Keywords: Kappa Criterion; Bootstrap; Jackknife; Income Distribution; Consumer Population Survey |
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