Hierarchical Bayesian estimation of inequality measures with nonrectangular censored survey data with an application to wealth distribution of French households

DOI10.1214/10-AOAS443MaRDI QIDQ641108zbMATHFDO

Authors Eric Gautier

Publication date 21 October 2011

Published in The Annals of Applied Statistics (Search for Journal in Brave)

Full work available at URL https://arxiv.org/abs/1107.5899

zbMATH Keywords

MCMCBayesian statisticssurvey methodologyinequalitywealth distribution

Mathematics Subject Classification ID

Bayesian inference (62F15) Applications of statistics to economics (62P20) Sampling theory, sample surveys (62D05) Statistical methods; economic indices and measures (91B82)

Abstract: We consider the estimation of wealth inequality measures with their confidence interval, based on survey data with interval censoring. We rely on a Bayesian hierarchical model. It consists of a model where, due to survey sampling and unit nonresponse, the summaries of the wealth distribution of households are observed with error; a mixture of multivariate models for the wealth components where groups correspond to portfolios of assets; and a prior on the parameters. A Gibbs sampler is used for numerical purposes to do the inference. We apply this strategy to the French 2004 Wealth Survey. In order to alleviate the nonresponse, the amounts were systematically collected in the form of brackets. Matched administrative data on the liability of the respondents for wealth tax and response to overview questions are used to better localize the wealth components. It implies nonrectangular multidimensional censoring. The variance of the error term in the model for the population inequality measures is obtained using linearization and taking into account the complex sampling design and the various weight adjustments.

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Cites work

• scientific article; zbMATH DE number 1294360 (Why is no real title available?)
• scientific article; zbMATH DE number 597902 (Why is no real title available?)
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Cited in

(2)

• The Fay–Herriot model for multiply imputed data with an application to regional wealth estimation in Germany
• Relaxing Monotonicity in Endogenous Selection Models and Application to Surveys

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