Chapter

 The Income Density Function

Fred Campano and Dominick Salvatore

in Income Distribution

Published in print March 2006 | ISBN: 9780195300918
Published online May 2006 | e-ISBN: 9780199783441 | DOI: http://dx.doi.org/10.1093/0195300912.003.0003
  The Income Density Function

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This chapter starts with Pareto’s law and the observation by other economists of the consistency of right-hand skewness in income distributions in both developing and developed countries. This leads to the modeling of income distribution with probability density functions. This is illustrated using the lognormal model.

Keywords: density function; lognormal; Pareto; right-hand skewness

Chapter.  2518 words.  Illustrated.

Subjects: Economic Development and Growth

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