The κ-generalized distribution: A new descriptive model for the size distribution of incomes

Fabio Clementi, T. Di Matteo, Mauro Gallegati and G. Kaniadakis

Physica A: Statistical Mechanics and its Applications, 2008, vol. 387, issue 13, 3201-3208

Abstract: This paper proposes the κ-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement–such as the Lorenz curve and the Gini coefficient–are given. A method for parameter estimation is also discussed. The model is shown to fit extremely well the data on personal income distribution in Australia and in the United States.

Keywords: Income distribution; Income inequality; κ-generalized statistics (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (17)

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Working Paper: The k-generalized distribution: A new descriptive model for the size distribution of incomes (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:phsmap:v:387:y:2008:i:13:p:3201-3208

DOI: 10.1016/j.physa.2008.01.109

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