The Distribution Of Income And Wealth by Fabio Clementi, Mauro Gallegati

Full Title: The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family
Author/Editor(s): Fabio Clementi; Mauro Gallegati
ISBN: 3319274104, 9783319274102
Publisher: Springer
Published/Copyright Year: 2016
Language: English
Physical Description: online resource included,
Series: New Economic Windows
Edition: 1st Edition 2016. [View All Editions]
Number of pages: 177 (XVI, 177 pages 24 Illustrationsus. in color)
Categories:
Game Theory
Sociophysics
Econophysics
Statistics
Econometrics
Economic Sociology
Economics
Socio- And Econophysics, Population And Evolutionary Models
Organizational Studies, Economic Sociology
Statistics For Business/Economics/Mathematical Finance/Insurance
Game Theory, Economics, Social And Behav. Sciences


Content:
Introduction
The Revived Interest in the Problems of Income and Wealth Distribution
Re-incorporating Distributional Issues Into the Main Body of Economic Analysis
Aim and Contents of this Book
The Parametric Approach to Income and Wealth Distributional Analysis
The Idea of a Parametric Model for Income and Wealth Distributions
Brief History of the Models for Studying Income and Wealth Distributions
The -Generalized Distribution
Underlying Stochastic Process
Empirical Results and Comparisons to Alternative Income Distributions
The -Generalized Mixture Model for the Size Distribution of Wealth
Motivation
Model Specification
Moments of the -Generalized Mixture Model for Net Wealth Distribution
The Lorenz Curve and the Gini Index of the Net Wealth Distribution Model
Empirical Results and Comparison of Finite Mixture Models for Net Wealth Distribution
Four-Parameter Extensions of the -Generalized Distribution
Definitions and Basic Properties
Population Characteristics
Empirical Results and Comparisons to Alternative Four-Parameter Statistical Distributions
Conclusions
Appendices
References
Author Index
Subject Index.
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.

Electronic Resources:
http://dx.doi.org/10.1007/978-3-319-27410-2

ISBNPlus ID: SPR.VC1.65584-11-6653787
Form: Nonfiction
LC Call No: HB139-141
Dewey Decimal: 330.015195
Released Date: 20151225

Download BiBTeX of this book (.bib)
@book{isbnplus9783319274102,
 title={The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family},
 author={Fabio Clementi and Mauro Gallegati},
 isbn={9783319274102},
 series={New Economic Windows},
 url={http://isbnplus.org/9783319274102},
 year={2016},
 publisher={Springer}
}
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%0 Book
%T The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family
%A Fabio Clementi
%A Mauro Gallegati
%@ 9783319274102
%U http://isbnplus.org/9783319274102
%D 2016
%I Springer
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TY  - BOOK
T1  - The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family
A1  - Fabio Clementi
A1  - Mauro Gallegati
SN  - 9783319274102
T3  - New Economic Windows
UR  - http://isbnplus.org/9783319274102
Y1  - 2016
PB  - Springer
ER  - 
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APA Style:
Clementi, F. & Gallegati, M. (2016). The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family. : Springer.

MLA Style:
Clementi, Fabio, and Mauro Gallegati. The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family. : Springer, 2016. Print.

Chicago Style:
Clementi, Fabio, and Mauro Gallegati. The Distribution Of Income And Wealth: Parametric Modeling With The -Generalized Family. : Springer, 2016.