Dagsvik, John K.; Vatne, Bjørn H. - Statistisk Sentralbyrå, Government of Norway - 1999
Mandelbrot (1961) proposed to apply the class of Pareto-Levy distributions - which belong to the Stable distributions … - as a framework for modelling income distributions. He also presented theoretic arguments in favor of the Pareto-Levy … distributions. In this paper we provide additional theoretical justification for this class of distributions. We also use micro data …