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Christian-Albrechts-Universität zu Kiel

Institut für Volkswirtschaftslehre - Department of Economics
Economics Working Papers

Economics Working Papers: Abstract 2013-04


Nummer

2013-04

Autoren

Lynn Karoly, Carsten Schröder

 

Titel

 

Fast Methods for Jackknifing Inequality Indices
Abstract The jackknife is a resampling method that uses subsets of the original database by leaving out one observation at a time from the sample. The paper outlines a procedure to obtain jackknife estimates for several inequality indices with only a few passes through the data. The number of passes is independent of the number of observations. Hence, the method provides an efficient way to obtain standard errors of the estimators even if sample size is large. We apply our method using micro data on individual incomes for Germany and the US.

Keywords: Jackknife, Resampling, Sampling Variability, Inequality

JEL classification: C81, C87, D3

 

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