The Distribution of Income and Wealth

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The book offers a comprehensive examination of advanced parametric modeling techniques for analyzing personal income and wealth distribution. It explores how these models can elucidate the dynamics of income and wealth disparities over time and across countries. Additionally, it enables the computation of inequality and poverty measures once models are fitted to data. The authors highlight their innovative "-generalized" statistical models, aiming to foster a deeper understanding of income distribution issues, making it essential for researchers and policymakers in the field.