variables: 943689

This table contains all the variables of all the datasets we have at Our World In Data. Note that this includes only the information about the variables like name and default display settings, not the data itself.

Data license: CC-BY

This data as json

id name unit description createdAt updatedAt code coverage timespan datasetId sourceId shortUnit display columnOrder originalMetadata grapherConfigAdmin shortName catalogPath dimensions schemaVersion processingLevel processingLog titlePublic titleVariant attributionShort attribution descriptionShort descriptionFromProducer descriptionKey descriptionProcessing licenses license grapherConfigETL type sort dataChecksum metadataChecksum
943689 Palma ratio (Disposable household cash income, equivalized)     2024-06-25 14:17:00 2024-07-25 22:56:08     1963-2022 6582     
{
    "name": "Palma ratio (Disposable household cash income, equivalized)",
    "tolerance": 5,
    "numDecimalPlaces": 1
}
 0     palma_ratio_dhci_eq grapher/lis/2024-06-13/luxembourg_income_study/luxembourg_income_study#palma_ratio_dhci_eq   2 major           The Palma ratio is a measure of inequality that divides the share received by the richest 10% by the share of the poorest 40%. Higher values indicate higher inequality.   
[
    "Income is \u2018post-tax\u2019 \u2014 measured after taxes have been paid and most government benefits have been received and excluding fringe benefits, home production, in-kind benefits and transfers.",
    "Income has been equivalized \u2013 adjusted to account for the fact that people in the same household can share costs like rent and heating."
]
 We create the Luxembourg Income Study data from standardized household survey microdata available in their [LISSY platform](https://www.lisdatacenter.org/data-access/lissy/). The estimations follow the methodology available in LIS, Key Figures and DART platform. We obtain after tax income by using the disposable household income variable (`dhi`). We estimate before tax income by calculating the sum of income from labor and capital (variable `hifactor`), cash transfers and in-kind goods and services from privates (`hiprivate`) and private pensions (`hi33`). We do this only for surveys where tax and contributions are fully captured, collected or imputed. We obtain after tax income (cash) by using the disposable household cash income variable (`dhci`). We convert income data from local currency into international-$ by dividing by the [LIS PPP factor](https://www.lisdatacenter.org/resources/ppp-deflators/), available as an additional database in the LISSY platform. We top and bottom-code incomes by replacing negative values with zeros and setting boundaries for extreme values of log income: at the top Q3 plus 3 times the interquartile range (Q3-Q1), and at the bottom Q1 minus 3 times the interquartile range. We equivalize incomes by dividing each household observation by the square root of the number of household members (nhhmem). Per capita estimates are calculated by dividing incomes by the number of household members. We obtain Gini coefficients by using [Stata’s ineqdec0 function](https://ideas.repec.org/c/boc/bocode/s366007.html). We set weights as the product between the number of household members (nhhmem) and the normalized household weight (hwgt). We also calculate mean and median values from this function.       float 
[]
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