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The Distribution of Income and Wealth - Parametric Modeling with the -Generalized Family (Hardcover, 1st ed. 2016)
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The Distribution of Income and Wealth - Parametric Modeling with the -Generalized Family (Hardcover, 1st ed. 2016)
Series: New Economic Windows
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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 " -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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