Some Generalized Functions for the Size Distribution of Income

James McDonald

Chapter 3 in Modeling Income Distributions and Lorenz Curves, 2008, pp 37-55 from Springer

Abstract: Abstract Many distributions have been used as descriptive models for the size distribution of income. This paper considers two generalized beta distributions which include many of these models as special or limiting cases. These generalized distributions have not been used as models for the distribution of income and provide a unified method of comparing many models previously considered. Expressions are reported which facilitate parameter estimation and the analysis of associated means, variances, and various measures of inequality. The distributions considered are fit to US family income and their relative performance is compared.

Keywords: Income Distribution; Pareto Distribution; Generalize Gamma; Generalize Beta; Current Population Report (search for similar items in EconPapers)
Date: 2008
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Journal Article: Some Generalized Functions for the Size Distribution of Income (1984)
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DOI: 10.1007/978-0-387-72796-7_3

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