income distributions. We argue in this paper that the Pareto-Lévy distribution is an interesting candidate for representing … distribution as well as the Generalized Beta type II (GB2) distribution. The results show that the Pareto-Lévy distribution fits … whereas the Pareto-Lévy distribution has only three. …

Pareto–Lévy distribution is an interesting candidate for representing income distributions because its parameters are easy to … be expressed as a simple formula of the parameters of the Pareto–Lévy distribution. We subsequently use income data for … Norway and seven other OECD countries to fit the Pareto–Lévy distribution as well as the Generalized Beta type II (GB2 …