A Model of Personal Income Distribution with Application to Italian Data
Università degli studi di Macerata
Università Politecnica delle Marche - Faculty of Economics
Polytechnic University of Turin
June 17, 2009
Empirical Economics, Vol. 39, No. 2, 2010
This article proposes the k-generalized distribution as a descriptive model for the distribution and dispersion of income within a population based on the deformed exponential and logarithm functions recently introduced by Kaniadakis (Phys A 296:405–425, 2001; Phys Rev E 66:056125, 2002; Phys Rev E 72:036108, 2005). Expressions are reported which facilitate the analysis of the associated moments and various tools for the measurement of inequality. An empirical application, including a comparison of alternative distributions, is made to household income data in Italy for the years 1989 to 2006.
Number of Pages in PDF File: 24
Keywords: income distribution, income inequality, k-generalized distribution
JEL Classification: C16, D31Accepted Paper Series
Date posted: August 31, 2008 ; Last revised: April 9, 2011
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