Estimating Wealth Distribution: Top Tail and Inequality (R source code)
Here you can find additional material to the following publication:
- C. Dalitz: Estimating Wealth Distribution: Top Tail and Inequality. Technischer Bericht Nr. 2016-01, Hochschule Niederrhein, Fachbereich Elektrotechnik und Informatik (2016)
About
Recently, there has been considerable interest in estimating the wealth distribution and in measurements of indicators for inequality. While the above technical report describes the mathematical methods for computing these estimators from survey data, the source code provided below gives you the opportunity to reproduce the results from the above study and to apply it to other countries.
R source code
To run this code, you will need the R language for statistical computing. For the Monte-Carlo simulations, you will additionally need the R package actuar.
Available releases (see the file README for usage instructions):
- wealthdist-1.0.tgz (version 1.0 from 2016/02/11)
This code does not include any survey data. Please contact the European Central Bank if you are interested in the Eurosystem Household and Consumption Survey (HFCS) data set.
Authors and license
The source code is copyrighted by Christoph Dalitz, Institute for Pattern Recognition, Niederrhein University of Applied Sciences, Krefeld, Germany. It may be used freely under the terms of the GNU General Public License. Please cite the Technical report listed at the top of this page as a reference when building upon this code.