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- W50761611 abstract "Mandelbrot (1961) proposed to apply the class of Pareto-Levy distributions - which belong to the Stable distributions - as a framework for modelling income distributions. He also presented theoretic arguments in favor of the Pareto-Levy distributions. In this paper we provide additional theoretical justification for this class of distributions. We also use micro data on individual market income to estimate the parameters of a Pareto-Levy distribution. Several estimation methods have been applied. The estimated Pareto-Levy distribution appears to fit the data well." @default.
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- W50761611 date "1999-01-01" @default.
- W50761611 modified "2023-09-27" @default.
- W50761611 title "Is the distribution of income compatible with s stable distribution" @default.
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