The weak Pareto law and regular variation in the tails

We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions, implies regularly varying tail probabilities, but that the reverse implication does not hold. We also establish implications among other versions of the weak Pareto law.

MoreLess

Year of publication:	2002
Authors:	Krämer, Walter ; Ziebach, Thorsten
Institutions:	Institut für Wirtschafts- und Sozialstatistik, Universität Dortmund
Subject:	Pareto law \| regular variation \| tail probabilities

More details

Extent:	application/pdf
Series:	Technical Reports.
Type of publication:	Book / Working Paper
Notes:	Number 2002,47
Classification:	C19 - Econometric and Statistical Methods: General. Other ; D31 - Personal Income, Wealth and Their Distributions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010982399