| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP12404 |
| DP12404 Generalized Pareto Curves: Theory and Applications | |
| Thomas Piketty; Thomas Blanchet | |
| 发表日期 | 2017-10-30 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We define generalized Pareto curves as the curve of inverted Pareto coefficients b(p), where b(p) is the ratio between average income or wealth above rank p and the p-th quantile Q(p) (i.e. b(p) = E[X|X > Q(p)]/Q(p)). We use them to characterize entire distributions, in- cluding places like the top where power laws are a good description, and places further down where they are not. We develop a method to nonparametrically recover the entire distribution based on tabulated income or wealth data as is generally available from tax authorities, which produces smooth and realistic shapes of generalized Pareto curves. Us- ing detailed tabulations from quasi-exhaustive tax data, we demonstrate the precision of our method both empirically and analytically. It gives better results than the most com- monly used interpolation techniques. Finally, we use Pareto curves to identify recurring distributional patterns, and connect those findings to the existing literature that explains observed distributions by random growth models. |
| 主题 | Public Economics |
| URL | https://cepr.org/publications/dp12404 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/541213 |
| 推荐引用方式 GB/T 7714 | Thomas Piketty,Thomas Blanchet. DP12404 Generalized Pareto Curves: Theory and Applications. 2017. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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