McDonald, James B; Mantrala, Anand - In: Journal of Applied Econometrics 10 (1995) 2, pp. 201-04
In a recent paper, Majumder and Chakravarty (1990) propose a four-parameter model which they find provides a better fit to some income data than the lognormal, gamma, Singh-Maddala, Dagum, and generalized beta of the second kind (GB2) distributions. This note (1) demonstrates that the model...