{"id":5993,"date":"2017-03-27T15:05:05","date_gmt":"2017-03-27T15:05:05","guid":{"rendered":"https:\/\/prod.wid.world\/?page_id=5993"},"modified":"2017-08-24T14:04:02","modified_gmt":"2017-08-24T14:04:02","slug":"interpret-inequality-data-percentiles-wid-world-2","status":"publish","type":"page","link":"https:\/\/wid.world\/zh\/interpret-inequality-data-percentiles-wid-world-2\/","title":{"rendered":"HOW TO INTERPRET INEQUALITY DATA AND PERCENTILES\u00a0ON WID.WORLD?"},"content":{"rendered":"<p>Some of the data in <a href=\"\/\/wid.world\">WID.worl<\/a><a href=\"\/\/wid.world\">d<\/a> refers to specific parts of the distribution. That is, we rank people according to their income or wealth, group them according to their rank, and report statistics on these different groups. They are coded <em>pXpY<\/em>, where <em>X<\/em> and <em>Y<\/em> are both numbers between 0 and 100. <em>X<\/em> correspond to the percentile for the lower bound of the group, and <em>Y<\/em> to the percentile for the upper bound (hence <em>X &lt; Y<\/em>).<\/p>\n<p><a href=\"\/\/wid.world\">WID.worl<\/a><a href=\"\/\/wid.world\">d<\/a> defines the following groups:<\/p>\n<p style=\"padding-left: 60px;\"><strong>key groups<\/strong> are the most widely used. They include <em>p0p100<\/em>, <em>p0p50<\/em>, <em>p50p90<\/em>, <em>p90p99<\/em>, <em>p99p100<\/em>, <em>9p100<\/em>, <em>p99.99p100<\/em>, in addition to all deciles (<em>p0p10<\/em>, <em>p10p20<\/em>, <em>p20p30<\/em>, \u2026, <em>p90p100<\/em>). For example, <em>p0p50<\/em> refers to the bottom 50% of the population, and <em>p99p100<\/em> to the top 1%.<\/p>\n<p style=\"padding-left: 60px;\"><strong>detailed percentile groups<\/strong> are narrow groups that cover the whole distribution. They include all percentiles (<em>p0p1<\/em>, <em>p1p2<\/em>, \u2026, <em>p98p99<\/em>, <em>p99p100<\/em>), but also tenths of a percentile in the top 1% (<em>1<\/em>, <em>p99.2p99.3<\/em>, \u2026, <em>p99.8p99.9<\/em>, <em>p99.9p100<\/em>), hundreds of a percentile in the top 0.1% (<em>p99.9p99.91<\/em>, <em>p99.92p99.93<\/em>, \u2026, <em>p99.98p99.99<\/em>, <em>p99.99p100<\/em>), and thousands of a percentile in the top 0.01% (<em>p99.99p99.991<\/em>, <em>p99.992p99.993<\/em>, \u2026, <em>p99.998p99.999<\/em>, <em>p99.999p100<\/em>). For example <em>p99.5p100<\/em> correspond to the top 0.5% of the population.<\/p>\n<p style=\"padding-left: 60px;\"><strong>detailed top groups<\/strong> also cover the whole distribution but refer to the entire population above a percentile. They take the form <em>p0p100<\/em>, <em>p1p100<\/em>, <em>p2p100<\/em>, \u2026<\/p>\n<p>Some population groups can belong to several of the above categories (for example <em>p99p100<\/em> is in all three). When that happens, the group appears only once in the data.<\/p>\n<p>The population group <em>p0p100<\/em> refers to the entire distribution and is used for aggregate series for which there is no distribution available, and for economic series with no individual meaning such as price indices and exchange rates.<\/p>\n<p>For all these population groups, we provide:<\/p>\n<p style=\"padding-left: 60px;\"><strong>wealth or income share:<\/strong> these correspond to the income or wealth of the group, divided by the total for the whole population. For example, the income of the group <em>p99p100<\/em> is the top 1% income share.<\/p>\n<p style=\"padding-left: 60px;\"><strong>wealth or income averages:<\/strong> these correspond to the average wealth or income of the people in the group. For example, the wealth average of the group <em>p90p99<\/em> is the average income of the top 10% excluding the top 1%.<\/p>\n<p style=\"padding-left: 60px;\"><strong>wealth or income thresholds:<\/strong> they correspond to the minimum level of income or wealth that gets you into a group. For example, the income threshold of the group <em>p90p100<\/em> is the income of the poorest individuals in the top 10%. By definition, it is equal to the income threshold of the groups <em>p90p99<\/em> or <em>p90p91<\/em>.<\/p>\n<p>For all top groups, we also provide the <strong>inverted Pareto coefficient<\/strong>. It is the ratio of the group average over the group threshold. They are a measure of the fatness of the tail of the distribution of income or wealth. See <a href=\"\/\/wid.world\/document\/blanchet-t-fournier-j-piketty-t-generalized-pareto-curves-theory-applications-2017\/\">Thomas Blanchet, Juliette Fournier and Thomas Piketty, \u201cGeneralized Pareto Curves: Theory and Applications\u201d (2017<\/a><a href=\"\/\/wid.world\/document\/blanchet-t-fournier-j-piketty-t-generalized-pareto-curves-theory-applications-2017\/\">)<\/a> for details.<\/p>\n<p>Beware that people are not always ranked with respect to the quantity that the variable measures. That is true in particular for subcomponents of income or wealth. For example, a variable for \u201ccapital income\u201d may rank individuals according to their total income (hence <em>p99p100<\/em> would refer to the capital income of the top 1% of both labor and capital income earners), or it may rank them according to their capital income (hence <em>p99p100<\/em> would refer to the capital income of the top 1% of capital income earners). The description of the variable specifies which ranking is used.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Some of the data in WID.world refers to specific parts of the distribution. That is, we rank people according to their income or wealth, group them according to their rank, and report statistics on these different groups. They are coded pXpY, where X and Y are both numbers between 0<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-wid-researchtools.php","meta":{"footnotes":""},"class_list":["post-5993","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HOW TO INTERPRET INEQUALITY DATA AND PERCENTILES\u00a0ON WID.WORLD? - WID - World Inequality Database<\/title>\n<meta name=\"description\" content=\"HOW TO INTERPRET INEQUALITY DATA AND PERCENTILES\u00a0ON WID.WORLD? The source for global inequality data. 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