A Model of Personal Income Distribution with Application to Italian Data

24 Pages Posted: 31 Aug 2008 Last revised: 9 Apr 2011

See all articles by Fabio Clementi

Fabio Clementi

Università degli studi di Macerata

Mauro Gallegati

Università Politecnica delle Marche - Faculty of Economics

Giorgio Kaniadakis

Polytecnico di Torino

Date Written: June 17, 2009

Abstract

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.

Keywords: income distribution, income inequality, k-generalized distribution

JEL Classification: C16, D31

Suggested Citation

Clementi, Fabio and Gallegati, Mauro and Kaniadakis, Giorgio, A Model of Personal Income Distribution with Application to Italian Data (June 17, 2009). Empirical Economics, Vol. 39, No. 2, 2010. Available at SSRN: https://ssrn.com/abstract=1260242

Fabio Clementi (Contact Author)

Università degli studi di Macerata ( email )

Piazza Strambi 1
62100 Macerata
Italy
+39 0733 258 2560 (Phone)

HOME PAGE: http://docenti.unimc.it/fabio.clementi?set_language=en&cl=en

Mauro Gallegati

Università Politecnica delle Marche - Faculty of Economics ( email )

Piazzale Martelli, 8
60121 Ancona
Italy
++390712207188 (Phone)
++390712207102 (Fax)

Giorgio Kaniadakis

Polytecnico di Torino ( email )

Corso Duca degli Abruzzi 24
Torino, 10129
Italy

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