I'm looking at the distribution of income data examining the differences between two different surveys.
I've computed medians, means std etc.
Two other measures I've used are Kurtosis and Skewness.
For my Kurtosis value I've gotten 2112.81 and skewness 40.69.
I assume that my large kurtosis value would indicate that my data has a heavy tail and outliers?
And skewness value would be expected to be positive given income cannot be negative?
Any input about interpretations would be great.
I'm not particularly worried about values as I'm not hypothesis testing etc. but more examining the data.