Zimmer, David M.; Kim, H. Youn - In: Applied Economics 44 (2012) 27, pp. 3573-3583
This article investigates the dependence structure of income distribution in the US by providing two approaches -- one regression-based and the other copula-based -- to reveal new information about income dependence. The system of Seemingly Unrelated Regressions (SUR) is estimated for both...