The κ-generalized distribution: A new descriptive model for the size distribution of incomes

F. Clementi; T. Di Matteo; M. Gallegati; G. Kaniadakis

doi:10.1016/j.physa.2008.01.109

The κ-generalized distribution: A new descriptive model for the size distribution of incomes

F. Clementi^*, T. Di Matteo, M. Gallegati, G. Kaniadakis

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

57 Citations (Scopus)

Abstract

This paper proposes the κ-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement-such as the Lorenz curve and the Gini coefficient-are given. A method for parameter estimation is also discussed. The model is shown to fit extremely well the data on personal income distribution in Australia and in the United States.

Original language	English
Pages (from-to)	3201-3208
Number of pages	8
Journal	Physica A: Statistical Mechanics and its Applications
Volume	387
Issue number	13
DOIs	https://doi.org/10.1016/j.physa.2008.01.109
Publication status	Published - 15 May 2008

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title = "The κ-generalized distribution: A new descriptive model for the size distribution of incomes",

abstract = "This paper proposes the κ-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement-such as the Lorenz curve and the Gini coefficient-are given. A method for parameter estimation is also discussed. The model is shown to fit extremely well the data on personal income distribution in Australia and in the United States.",

keywords = "Income distribution, Income inequality, κ-generalized statistics",

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AU - Kaniadakis, G.

PY - 2008/5/15

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AB - This paper proposes the κ-generalized distribution as a model for describing the distribution and dispersion of income within a population. Formulas for the shape, moments and standard tools for inequality measurement-such as the Lorenz curve and the Gini coefficient-are given. A method for parameter estimation is also discussed. The model is shown to fit extremely well the data on personal income distribution in Australia and in the United States.

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KW - κ-generalized statistics

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JO - Physica A: Statistical Mechanics and its Applications

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The κ-generalized distribution: A new descriptive model for the size distribution of incomes

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