The ?-Statistics Approach to Income Distribution Analysis

Language: English

Published by Cambridge University Press, GB, 2025

1009446355 / 9781009446358

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This Element presents the ?-generalized distribution, a statistical model tailored for the analysis of income distribution. Developed over years of collaborative, multidisciplinary research, it clarifies the statistical properties of the model, assesses its empirical validity and compares its effectiveness with other parametric models. It also presents formulas for calculating inequality indices within the ?-generalized framework, including the widely used Gini coefficient and the relatively lesser-known Zanardi index of Lorenz curve asymmetry. Through empirical illustrations, the Element criticizes the conventional application of the Gini index, pointing out its inadequacy in capturing the full spectrum of inequality characteristics. Instead, it advocates the adoption of the Zanardi index, accentuating its ability to capture the inherent heterogeneity and asymmetry in income distributions.

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Title
The ?-Statistics Approach to Income Distribution Analysis
Author
Fabio Clementi, Mauro Gallegati, Lisa Gianmoena, Giorgio Kaniadakis, Simone Landini
Publisher
Cambridge University Press, GB
Publication year
2025
Condition
New
Binding
Paperback
Language
English
ISBN 10
1009446355
ISBN 13
9781009446358
Item weight
119 grams

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