Working Paper 14-17 - Modelling unobserved heterogeneity in distribution - Finite mixtures of the Johnson family of distributions
Authors registered in the RePEc Author Service: Peter Willemé ()
Working Papers from Federal Planning Bureau, Belgium
This paper proposes a new model to account for unobserved heterogeneity in empirical modelling. The model extends the well-known Finite Mixture (or Latent Class) Model by using the Johnson family of distributions for the component densities. Due to the great variety of distributional shapes that can be assumed by the Johnson family, the method does not impose the usual a priori assumptions regarding the type of densities that are mixed.
JEL-codes: C10 C13 C46 C51 C52 (search for similar items in EconPapers)
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