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On moment indeterminacy of the Benini income distribution

Kleiber, Christian. (2013) On moment indeterminacy of the Benini income distribution. WWZ Discussion Papers, 2013 (08). Basel.

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Abstract

The Benini distribution is a lognormal-like distribution generalizing the Pareto distribution. Like the Pareto and the lognormal distributions it was originally proposed for modeling economic size distributions, notably the size distribution of personal income. This paper explores a probabilistic property of the Benini distribution, showing that it is not determined by the sequence of its moments although all the moments are finite. It also provides explicit examples of distributions possessing the same set of moments. Related distributions are briefly explored.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Ökonometrie und Statistik (Kleiber)
12 Special Collections > WWZ Publications > WWZ Discussion Papers and Working Papers
UniBasel Contributors:Kleiber, Christian
Item Type:Working Paper
Publisher:WWZ
Note: -- Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
Language:English
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Identification Number:
  • handle: RePEc:bsl:wpaper:2013/08
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Last Modified:13 Mar 2018 15:05
Deposited On:16 Aug 2013 07:31

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