Function to calculate PC coefficients for future years

Function to calculate PC coefficients for future years

compute_PC_model_components(
  df,
  grouping_variables = c("country", "year"),
  value_col = "Income..net."
)

Arguments

df

dataframe with decile data
grouping_variables

variables to group by
value_col

Name of values to be output.
inc_col

column with income shares. Make sure these are normalized that is they range from 0-1
category_col

column with categorical definitions for deciles