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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Distribution of Income and Wealth: Parametric Modeling with the κ-Generalized Family

The Distribution of Income and Wealth: Parametric Modeling with the κ-Generalized Family

Clementi, Fabio
Gallegati, Mauro

Paperback

Series: New Economic Windows

EconomicsGeneral ScienceGeneral Sociology

ISBN10: 331980135X
ISBN13: 9783319801353
Publisher: Springer
Published: Mar 30 2018
Pages: 177
Weight: 0.62
Height: 0.42 Width: 6.14 Depth: 9.21
Language: English
This book presents a systematic overview of cutting-edge research in the field of parametric modeling of personal income and wealth distribution, which allows one to represent how income/wealth is distributed within a given population. The estimated parameters may be used to gain insights into the causes of the evolution of income/wealth distribution over time, or to interpret the differences between distributions across countries. Moreover, once a given parametric model has been fitted to a data set, one can straightforwardly compute inequality and poverty measures. Finally, estimated parameters may be used in empirical modeling of the impact of macroeconomic conditions on the evolution of personal income/wealth distribution. In reviewing the state of the art in the field, the authors provide a thorough discussion of parametric models belonging to the κ-generalized family, a new and fruitful set of statistical models for the size distribution of income and wealth that they have developed over several years of collaborative and multidisciplinary research. This book will be of interest to all who share the belief that problems of income and wealth distribution merit detailed conceptual and methodological attention.

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