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Trunk differences don't bother me -- we know surveys miss top incomes -- but the discrepancy between the 50th and 75th percentiles is still staggering, and depressing re our knowledge of global income distribution.https://twitter.com/MForstater/status/982192529691983873 …
Yes. I want to know how much of the difference is e.g. informal sector not in national accounts and how much is the result of assumptions like this? Given that surveys are better at the middle than the tails should we be more confident in Nellie than Nessie in the middle?pic.twitter.com/oRW69BCbPU
I had not thought of that last point — seems like reasonable speculation to me. But yes, good questions.
This is something we thought about a lot and couldn’t come to any firm conclusions on. In part, that’s because WID by necessity aggregates up to the region level very early on when putting together a global distribution, making it hard to see where countries end up.
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