The κ-generalized distribution: A new descriptive model for the size distribution of incomes

This paper proposes the κ-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement–such as the Lorenz curve and the Gini coefficient–are given. A method for parameter estimation is also discussed. The model is shown to fit extremely well the data on personal income distribution in Australia and in the United States.

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Year of publication:	2008
Authors:	Clementi, F. ; Di Matteo, T. ; Gallegati, M. ; Kaniadakis, G.
Published in:	Physica A: Statistical Mechanics and its Applications. - Elsevier, ISSN 0378-4371. - Vol. 387.2008, 13, p. 3201-3208
Publisher:	Elsevier
Subject:	Income distribution \| Income inequality \| κ-generalized statistics

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011057735