the distribution of personal income: revisited (replication data)
In a recent paper, Majumder and Chakravarty (1990) propose a four-parameter model which they find provides a better fit to some income data than the lognormal, gamma, Singh-Maddala, Dagum, and generalized beta of the second kind (GB2) distributions. This note (1) demonstrates that the model proposed by Majumder and Chakravarty is a reparameterization of the GB2 and (2) reconciles the corresponding contradictory empirical findings reported by Majumder and Chakravarty.
McDonald, James B.;
Mantrala, Anand
(1995):
The distribution of personal income: Revisited (replication data).
Version: 1.
Journal of Applied Econometrics.
Dataset.
http://dx.doi.org/10.15456/jae.2022313.1130895489
Related Publication
McDonald, J. and Mantrala, A. (1995), The Distribution Of Personal Income: Revisited, Journal of Applied Econometrics, 10(2), 201-204. https://doi.org/10.1002/jae.3950100208
