Bayesian estimation for the Pareto income distribution

  title={Bayesian estimation for the Pareto income distribution},
  author={Samir K. Bhattacharya and Anoop Chaturvedi and Nand Kishore Singh},
  journal={Statistical Papers},
The Bayes estimators of the Gini index, the mean income and the proportion of the population living below a prescribed income level are obtained in this paper on the basis of censored income data from a pareto income distribution. The said estimators are obtained under the assumptions of a two-parameter exponential prior distribution and the usual squared error loss function. This work is also extended to the case when the income data are grouped and the exact incomes for the individuals in the… CONTINUE READING