New Economic Windows

The Distribution of Income and Wealth

Parametric Modeling with the κ-Generalized Family

Authors: Clementi, Fabio, Gallegati, Mauro

  • Offers a compendium of original contributions on the parametric modeling of income and wealth distribution
  • Thoroughly discusses the κ-generalized distribution and describes the advantages of this parametric model
  • Contains many up-to-date applications to income and wealth data
  • K-generalized distribution and describes the advantages of this parametric model
  • Contains many up-to-date applications to income and wealth data
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eBook 67,82 €
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  • ISBN 978-3-319-27410-2
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  • Immediate eBook download after purchase
Hardcover 83,19 €
price for Italia (gross)
  • ISBN 978-3-319-27408-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

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.

About the authors

Mauro Gallegati is Professor of Economics at the Polytechnic University of Marche (Ancona, Italy). His research includes business fluctuations, nonlinear dynamics, models of financial fragility, and heterogeneous interacting agents. He has published books and many papers in leading journals in the fields of economics, economic history and history of economic analysis, nonlinear mathematics, applied economics, complexity, and econophysics. He has been involved in several international research projects since 2004.

Fabio Clementi, PhD, is Assistant Professor of Economics at the University of Macerata (Italy). His main research interests focus on the size distribution of income, wealth and firms, the business cycle analysis, and the empirical validation of agent-based economic models with real-world data. He has also been involved in national and international research projects in the field of agent-based computational economics.

Table of contents (6 chapters)

  • Introduction

    Clementi, Fabio (et al.)

    Pages 1-9

    Preview Buy Chapter 30,44 €
  • The Parametric Approach to Income and Wealth Distributional Analysis

    Clementi, Fabio (et al.)

    Pages 11-15

    Preview Buy Chapter 30,44 €
  • The $$\kappa $$ -Generalized Distribution

    Clementi, Fabio (et al.)

    Pages 17-52

    Preview Buy Chapter 30,44 €
  • The $$\kappa $$ -Generalized Mixture Model for the Size Distribution of Wealth

    Clementi, Fabio (et al.)

    Pages 53-74

    Preview Buy Chapter 30,44 €
  • Four-Parameter Extensions of the $$\kappa $$ -Generalized Distribution

    Clementi, Fabio (et al.)

    Pages 75-84

    Preview Buy Chapter 30,44 €

Buy this book

eBook 67,82 €
price for Italia (gross)
  • ISBN 978-3-319-27410-2
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 83,19 €
price for Italia (gross)
  • ISBN 978-3-319-27408-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Distribution of Income and Wealth
Book Subtitle
Parametric Modeling with the κ-Generalized Family
Authors
Series Title
New Economic Windows
Copyright
2016
Publisher
Springer International Publishing
Copyright Holder
Springer International Publishing Switzerland
eBook ISBN
978-3-319-27410-2
DOI
10.1007/978-3-319-27410-2
Hardcover ISBN
978-3-319-27408-9
Series ISSN
2039-411X
Edition Number
1
Number of Pages
XVI, 177
Number of Illustrations and Tables
24 illustrations in colour
Topics