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.

MoreLess

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

More details

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

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