Better Estimates from Binned Income Data: Interpolated CDFs and Mean-Matching
Researchers often estimate income statistics from summaries that report the number of incomes in bins such as $0 to 10,000, $10,001 to 20,000, ..., $200,000+. Some analysts assign incomes to bin midpoints, but this treats income as discrete. Other analysts fit a continuous parametric distribution, b...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Society for Sociological Science
2017-11-01
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| Series: | Sociological Science |
| Subjects: | |
| Online Access: | https://www.sociologicalscience.com/articles-v4-26-641/ |