Distribution of Income and Wealth

Distribution of Income and Wealth

Parametric Modeling with the ?-Generalized Family

Clementi, Fabio; Gallegati, Mauro

Springer International Publishing AG

03/2018

177

Mole

Inglês

9783319801353

15 a 20 dias

454

Descrição não disponível.
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 ?-Generalized Distribution.- Underlying Stochastic Process.- Empirical Results and Comparisons to Alternative Income Distributions.- The ?-Generalized Mixture Model for the Size Distribution of Wealth.- Motivation.- Model Specification.- Moments of the ?-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 ?-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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Distributional Analysis;Distributions;Economic Inequality Indices;Economic Inequality Measurements;Income Disparity Analysis;Income/wealth Distribution;Parametric Model for Income and Wealth;Size Distribution of Income;?-generalized Distribution;data-driven science, modeling and theory building