Hello everyone,
I assume, that what I have here is actually a very simple problem, but I somehow can't manage to find the right solution.
I work with a panel dataset which includes wealth distribution on a household level. What you see here is an excerpt of my data, where
_1_net_wealth is the net wealth of each household
ranknw1 ranks the households based on net wealth in descending order
pct_percent1 shows the distribution of percentiles based on net wealth
weight are the weights each household observation represents
sumweight is the sum of weights in each percentile, grouped by the percentile thresholds. So 24492.785 is the sum of all weights in 99. percentile.
My problem:
I want to create a new variable based on sumweight that accumulates the values in descending order. Meaning that in the case of my code down here, all values of sumweight in the 98. percentile should be accumulated with the values of the 99. percentile and so on...
I tried "bysort pct_percent1(sumweight ranknw1): gen newvar = sum(sumweight)" but that doesn't seem to be the right way.
Any ideas?
Thank you for your help
Moritz
I assume, that what I have here is actually a very simple problem, but I somehow can't manage to find the right solution.
I work with a panel dataset which includes wealth distribution on a household level. What you see here is an excerpt of my data, where
_1_net_wealth is the net wealth of each household
ranknw1 ranks the households based on net wealth in descending order
pct_percent1 shows the distribution of percentiles based on net wealth
weight are the weights each household observation represents
sumweight is the sum of weights in each percentile, grouped by the percentile thresholds. So 24492.785 is the sum of all weights in 99. percentile.
My problem:
I want to create a new variable based on sumweight that accumulates the values in descending order. Meaning that in the case of my code down here, all values of sumweight in the 98. percentile should be accumulated with the values of the 99. percentile and so on...
I tried "bysort pct_percent1(sumweight ranknw1): gen newvar = sum(sumweight)" but that doesn't seem to be the right way.
Any ideas?
Thank you for your help
Moritz
Code:
ranknw1 pct_percent1weight _1_net_wealth sumweight 395 99 591.08234 1439000 24492.785 396 99 5544.0381 1438500 24492.785 397 99 452.9566 1435180 24492.785 398 99 4311.9194 1434000 24492.785 399 99 15280.917 1430200 24492.785 400 98 1164.6069 1428700 26808.31 401 98 8693.4824 1428500 26808.31 402 98 2705.4902 1421300 26808.31 403 98 1163.8893 1419100 26808.31 404 98 2102.8994 1416000 26808.31 405 98 1226.6825 1415700 26808.31 end

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