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- W1896577439 abstract "This entry presents the Dagum generating system of income and wealth distributions from which can be derived the Dagum Type I, II, and III as well as other well-known models, specified in the literature on income distribution. The supports of the Dagum Type I, II, and III models are (0, ∞), [0, ∞), and (y0, ∞), y0 > 0 respectively. This family of models has been further generalized to fit net wealth distributions with support (−∞, ∞). Eight basic properties are introduced to validate the income and wealth distribution models. The models are illustrated with applications to real-life data; the fit of each is excellent, meeting the requirements of the eight properties retained as essential.Keywords:net wealth distribution model;total wealth distribution model;income distribution model;Dagum model and system;properties of income and wealth distributions;Kolmogorov forward equation;Lorenz curve;Gini ratio" @default.
- W1896577439 created "2016-06-24" @default.
- W1896577439 creator A5064514206 @default.
- W1896577439 date "2004-07-15" @default.
- W1896577439 modified "2023-10-16" @default.
- W1896577439 title "Income and Wealth Distributions, Dagum System of" @default.
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- W1896577439 doi "https://doi.org/10.1002/0471667196.ess4076" @default.
- W1896577439 hasPublicationYear "2004" @default.
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