Methods for model selection, model averaging, and calculating metrics, such as the Gini, Theil, Mean Log Deviation, etc, on binned income data where the topmost bin is rightcensored. We provide both a nonparametric method, termed the bounded midpoint estimator (BME), which assigns cases to their bin midpoints; except for the censored bins, where cases are assigned to an income estimated by fitting a Pareto distribution. Because the usual Pareto estimate can be inaccurate or undefined, especially in small samples, we implement a bounded Pareto estimate that yields much better results. We also provide a parametric approach, which fits distributions from the generalized beta (GB) family. Because some GB distributions can have poor fit or undefined estimates, we fit 10 GBfamily distributions and use multimodel inference to obtain definite estimates from the bestfitting distributions. We also provide binned income data from all United States of America school districts, counties, and states.
Package details 


Author  Samuel V. Scarpino, Paul von Hippel, and Igor Holas 
Date of publication  20170709 19:57:07 UTC 
Maintainer  Samuel V. Scarpino <[email protected]> 
License  GPL (>= 3.0) 
Version  1.0.2 
Package repository  View on CRAN 
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