dc.contributor.author | Dagsvik, John K. | |
dc.contributor.author | Vatne, Bjørn Helge | |
dc.date.accessioned | 2011-10-09T10:50:23Z | |
dc.date.available | 2011-10-09T10:50:23Z | |
dc.date.issued | 1999 | |
dc.identifier.issn | 1892-753x | |
dc.identifier.uri | http://hdl.handle.net/11250/180327 | |
dc.description.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. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Statistics Norway | en_US |
dc.relation.ispartofseries | Discussion Papers;No. 246 | |
dc.subject | Inntektsfordeling | en_US |
dc.subject | Statistiske modeller | en_US |
dc.subject | Statistisk analyse | en_US |
dc.subject | Markedsteori | en_US |
dc.subject | JEL classification: C13 | en_US |
dc.subject | JEL classification: D31 | en_US |
dc.title | Is the distribution of income compatible with s stable distribution? | en_US |
dc.type | Working paper | en_US |
dc.subject.nsi | VDP::Mathematics and natural science: 400::Mathematics: 410::Statistics: 412 | en_US |
dc.subject.nsi | VDP::Social science: 200::Economics: 210 | en_US |
dc.source.pagenumber | 28 s. | en_US |