Efficient Minimum Distance Estimation of Pareto Exponent from Top Income Shares

21 Feb 2020 Toda Alexis Akira Wang Yulong

We propose an efficient estimation method for the income Pareto exponent when only certain top income shares are observable. Our estimator is based on the asymptotic theory of weighted sums of order statistics and the efficient minimum distance estimator... (read more)

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  • STATISTICS THEORY
  • GENERAL ECONOMICS
  • ECONOMICS
  • APPLICATIONS
  • STATISTICS THEORY