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The Kaniadakis Distribution for the Analysis of Income and Wealth Data
[journal article]
Abstract
The paper reviews the "k-generalized distribution", a statistical model for the analysis of income data. Basic analytical properties, interrelationships with other distributions, and standard measures of inequality such as the Gini index and the Lorenz curve are covered. An extension of the basic mo... view more
The paper reviews the "k-generalized distribution", a statistical model for the analysis of income data. Basic analytical properties, interrelationships with other distributions, and standard measures of inequality such as the Gini index and the Lorenz curve are covered. An extension of the basic model that best fits wealth data is also discussed. The new and old empirical evidence presented in the article shows that the k-generalized model of income/wealth is often in very good agreement with the observed data.... view less
Keywords
income; income distribution; assets; distribution of wealth; inequality; statistics; statistical analysis; statistical method; comparison of methods
Classification
Economic Statistics, Econometrics, Business Informatics
Free Keywords
parametric modeling; k-generalized model; EU-SILC 2016
Document language
English
Publication Year
2023
Page/Pages
p. 1-18
Journal
Entropy, 25 (2023) 8
DOI
https://doi.org/10.3390/e25081141
ISSN
1099-4300
Status
Published Version; peer reviewed