The Distribution of Income and Wealth : Parametric Modeling with the κ-Generalized Family
Overview
Introduction.- The Revived Interest in the Problems of Income and Wealth Distribution.- Re-incorporating Distributional Issues Into the Main Body of Economic Analysis.- Aim and Contents of this Book.- The Parametric Approach to Income and Wealth Distributional Analysis.- The Idea of a Parametric Model for Income and Wealth Distributions.- Brief History of the Models for Studying Income and Wealth Distributions.- The κ-Generalized Distribution.- Underlying Stochastic Process.- Empirical Results and Comparisons to Alternative Income Distributions.- The κ-Generalized Mixture Model for the Size Distribution of Wealth.- Motivation.- Model Specification.- Moments of the κ-Generalized Mixture Model for Net Wealth Distribution.- The Lorenz Curve and the Gini Index of the Net Wealth Distribution Model.- Empirical Results and Comparison of Finite Mixture Models for Net Wealth Distribution.- Four-Parameter Extensions of the κ-Generalized Distribution.- Definitions and Basic Properties.- Population Characteristics.- Empirical Results and Comparisons to Alternative Four-Parameter Statistical Distributions.- Conclusions.- Appendices.- References.- Author Index.- Subject Index.
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Details
- ISBN-13: 9783319274089
- ISBN-10: 3319274082
- Publisher: Springer
- Publish Date: February 2016
- Dimensions: 9.21 x 6.14 x 0.5 inches
- Shipping Weight: 1 pounds
- Page Count: 177
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