Distribution-Free Inference for Welfare Indices Under Complete and Incomplete Information
The Journal of Economic Inequality, Vol. 1, No. 3, pp. 191-219, 2003
30 Pages Posted: 15 Feb 2011
Date Written: January 29, 2003
The data available for estimating welfare indicators are often inconveniently incomplete data: they may be censored or truncated. Furthermore, for robustness reasons, researchers sometimes use trimmed samples. By using the statistical tool known as the Influence Function we derive distribution-free asymptotic variances for wide classes of welfare indicators not only in the complete data case, but also in the important cases where the data have been trimmed, censored or truncated.
Keywords: censoring, income distribution, inequality measurement, influence function, Lorenz curve, sampling variance, trimming
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