How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth?
This paper investigates how the number of brackets and the choice of upper cutoffs in grouped data affect the metric approximation of income and wealth. The literature currently lacks a definition of what should be considered too few brackets or too-low cut-offs. Using German survey data, we show t...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
European Survey Research Association
2024-12-01
|
| Series: | Survey Research Methods |
| Subjects: | |
| Online Access: | https://ojs.ub.uni-konstanz.de/srm/article/view/8187 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1823861436203401216 |
|---|---|
| author | Maximilian Longmuir Markus Grabka |
| author_facet | Maximilian Longmuir Markus Grabka |
| author_sort | Maximilian Longmuir |
| collection | DOAJ |
| description |
This paper investigates how the number of brackets and the choice of upper cutoffs in grouped data affect the metric approximation of income and wealth. The literature currently lacks a definition of what should be considered too few brackets or too-low cut-offs. Using German survey data, we show that more than six (eight) brackets and an upper cut-off at the 95th (97th) percentile are sufficient to provide an adequate approximation of the income (wealth) distribution.
|
| format | Article |
| id | doaj-art-ee297da7177043d9adfe3e15cbdae021 |
| institution | Kabale University |
| issn | 1864-3361 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | European Survey Research Association |
| record_format | Article |
| series | Survey Research Methods |
| spelling | doaj-art-ee297da7177043d9adfe3e15cbdae0212025-02-09T14:16:09ZengEuropean Survey Research AssociationSurvey Research Methods1864-33612024-12-01183How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth?Maximilian Longmuir0Markus Grabka1Humboldt Universität zu BerlinDIW Berlin This paper investigates how the number of brackets and the choice of upper cutoffs in grouped data affect the metric approximation of income and wealth. The literature currently lacks a definition of what should be considered too few brackets or too-low cut-offs. Using German survey data, we show that more than six (eight) brackets and an upper cut-off at the 95th (97th) percentile are sufficient to provide an adequate approximation of the income (wealth) distribution. https://ojs.ub.uni-konstanz.de/srm/article/view/8187grouped datawealthincomesurvey design |
| spellingShingle | Maximilian Longmuir Markus Grabka How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth? Survey Research Methods grouped data wealth income survey design |
| title | How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth? |
| title_full | How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth? |
| title_fullStr | How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth? |
| title_full_unstemmed | How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth? |
| title_short | How Many Brackets Should We Ask for to Derive Adequate Metric Information for Income and Wealth? |
| title_sort | how many brackets should we ask for to derive adequate metric information for income and wealth |
| topic | grouped data wealth income survey design |
| url | https://ojs.ub.uni-konstanz.de/srm/article/view/8187 |
| work_keys_str_mv | AT maximilianlongmuir howmanybracketsshouldweaskfortoderiveadequatemetricinformationforincomeandwealth AT markusgrabka howmanybracketsshouldweaskfortoderiveadequatemetricinformationforincomeandwealth |