Wealth distribution models: analisys and applications

Camilo Dagum
After Pareto developed his Type I model in 1895, a large number of income distribution models have been specified. However, the important issue of wealth distribution called the attention of researchers more than sixty years later. It started with the contributions by Wold and Whittle, and Sargan, both published in 1957. The former authors proposed the Pareto Type I model and the latter the lognormal distribution, but they did not empirically validate them. Afterward, other...