Maximum entropy estimation of income distributions from Basmann’s weighted geometric mean measure
基于Basmann加权几何均值度量的收入分布最大熵估计
This paper introduces a new Maximum Entropy based inequality measure that is related to Basmann’s class of weighted geometric mean (WGM) measures, but with the added feature that the new measure is flexible enough to describe other characteristics of an observed income distribution function (IDF), a feature that other well-known measures do not possess. As an application, using Current Population Survey (CPS) data, we apply the new measure to Blinder and Esaki’s (1978)…