Is the wealth of the Forbes 400 lists really Pareto distributed?

Stephen Chan, Jeffrey Chu and Saralees Nadarajah

Economics Letters, 2017, vol. 152, issue C, 9-14

Abstract: A number of researchers have studied the wealth distribution of the Forbes 400 lists (for example, Klass et al. (2006)). They argue that the wealth is Pareto distributed. We ask the question: does the Pareto distribution really give a statistically adequate fit? We find other distributions giving statistically adequate fits.

Keywords: Anderson darling test; Beta Pareto distribution; Estimation (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:152:y:2017:i:c:p:9-14

DOI: 10.1016/j.econlet.2016.12.017

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