The Distribution of Income and Wealth : Parametric Modeling with the κ-Generalized Family

Introduction -- The Revived Interest in the Problems of Income and Wealth Distribution -- Re-incorporating Distributional Issues Into the Main Body of Economic Analysis -- Aim and Contents of this Book -- The Parametric Approach to Income and Wealth Distributional Analysis -- The Idea of a Parametric Model for Income and Wealth Distributions -- Brief History of the Models for Studying Income and Wealth Distributions -- The κ-Generalized Distribution -- Underlying Stochastic Process -- Empirical Results and Comparisons to Alternative Income Distributions -- The κ-Generalized Mixture Model for the Size Distribution of Wealth -- Motivation -- Model Specification -- Moments of the κ-Generalized Mixture Model for Net Wealth Distribution -- The Lorenz Curve and the Gini Index of the Net Wealth Distribution Model -- Empirical Results and Comparison of Finite Mixture Models for Net Wealth Distribution -- Four-Parameter Extensions of the κ-Generalized Distribution -- Definitions and Basic Properties -- Population Characteristics -- Empirical Results and Comparisons to Alternative Four-Parameter Statistical Distributions -- Conclusions -- Appendices -- References -- Author Index -- Subject Index.