The Distribution of Personal Income: Revisited

James McDonald and Anand Mantrala

Journal of Applied Econometrics, 1995, vol. 10, issue 2, 201-04

Abstract: In a recent paper, Majumder and Chakravarty (1990) propose a four-parameter model which they find provides a better fit to some income data than the lognormal, gamma, Singh-Maddala, Dagum, and generalized beta of the second kind (GB2) distributions. This note (1) demonstrates that the model proposed by Majumder and Chakravarty is a reparameterization of the GB2 and (2) reconciles the corresponding contradictory empirical findings reported by Majumder and Chakravarty. Copyright 1995 by John Wiley & Sons, Ltd.

Date: 1995
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