Models for Income based on Bivariate Pareto Distributions
It is shown that the total amount of income earned during a reference period can be expressed as the products of components of bivariate Pareto distributions. The exact distribution of the total amount of income P = XY and the corresponding moment properties are derived when (X, Y ) follows three of the most commonly known bivariate Pareto distributions. The expressions turn out to involve special functions.
Year of publication: |
2006
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Authors: | Nadarajah, Saralees ; Kotz, Samuel |
Published in: |
Journal of Income Distribution. - Economics Department. - Vol. 15.2006, I, p. 78-89
|
Publisher: |
Economics Department |
Saved in:
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