The ?-Statistics Approach to Income Distribution Analysis

This Element presents the κ-generalized distribution, a statistical model tailored for the analysis of income distribution. Developed over years of collaborative, multidisciplinary research, it clarifies the statistical properties of the model, assesses its empirical validity and compares its effectiveness with other parametric models. It also presents formulas for calculating inequality indices within the κ-generalized framework, including the widely used Gini coefficient and the relativel...