The stochastic interpretation of the Dagum personal income distribution: a tale

Lorenzo Fattorini and Achille Lemmi

Statistica, 2006, vol. 66, issue 3, 325-329

Abstract: The present notes delineates the circumstances and the basic theoretical steps which led, about thirty years ago, to the derivation of the Dagum income distribution as the equilibrium distribution of a diffusion process. Most of theoretical issues of this note deal with the derivation of the stable solution for the forward Kolmogorov equation. Such a derivation has socio-economic fundaments from the contributions of Sylos Labini on social stratification.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:bot:rivsta:v:66:y:2006:i:3:p:325-329

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