A variation of the Dragulescu-Yakovenko income model
Statistical Finance
2014-06-20 v1 Applications
Abstract
In the context of the Dragulescu-Yakovenko (2000) model, we show that empirical income distribution with truncated datasets, cannot be properly modeled by the one-parameter exponential distribution. However, a truncated version characterized by an exponential distribution with two parameters gives an accurate fit.
Keywords
Cite
@article{arxiv.1406.5083,
title = {A variation of the Dragulescu-Yakovenko income model},
author = {José María Sarabia and Faustino Prieto and Vanesa Jordá},
journal= {arXiv preprint arXiv:1406.5083},
year = {2014}
}
Comments
This is a preprint (7 pages, 4 tables, 2 figures)