The weak Pareto law and regular variation in the tails

We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions, implies regularly varying tail probabilities, but that the reverse implication does not hold. We also establish implications among other versions of the weak Pareto law.

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Year of publication:	2002
Authors:	Krämer, Walter ; Ziebach, Thorsten
Publisher:	Dortmund : Universität Dortmund, Sonderforschungsbereich 475 - Komplexitätsreduktion in Multivariaten Datenstrukturen
Subject:	Disparitätsmaß \| Theorie \| Pareto law \| regular variation \| tail probabilities

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Series:	Technical Report ; 2002,47
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	755829204 [GVK] hdl:10419/77374 [Handle] RePEc:zbw:sfb475:200247 [RePEc]
Classification:	C19 - Econometric and Statistical Methods: General. Other ; D31 - Personal Income, Wealth and Their Distributions
Source:	EconStor

Persistent link: https://www.econbiz.de/10010316717