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

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

Papers from arXiv.org

Abstract: This paper proposes the k-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 the United States.

Date: 2007-10, Revised 2008-01
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Citations: View citations in EconPapers (22)

Published in Physica A: Statistical Mechanics and its Applications, Vol: 387, Issue: 13, 15 May 2008, pp: 3201-3208

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Journal Article: The κ-generalized distribution: A new descriptive model for the size distribution of incomes (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:0710.3645

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