Footnote:
In: Journal of Economics, Vol. 105, No. 1, 2012
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 6, 2011 erstellt
Description:
This paper proposes a three-parameter statistical model of income distribution using the maximum entropy principle based on a generalized entropic measure suggested by Kaniadakis (2001, 2002, 2005). Formulas for the shape, moments and standard tools for inequality measurement are given. The model is shown to fit remarkably well the personal income data for Great Britain, Germany and the United States in different years, and its empirical performance appears to be competitive with that of other existing distributions