| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 976501 | Physica A: Statistical Mechanics and its Applications | 2008 | 8 Pages |
Abstract
This paper proposes the κκ-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
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
F. Clementi, T. Di Matteo, M. Gallegati, G. Kaniadakis,