Bull Int Stat Inst

Abstract

Over the last 100 years, a large number of distributions has been proposed for the modeling of size phenomena, notably the size distribution of personal incomes (see, for example, Kleiber and Kotz, 2003). The most widely known of these models are the Pareto and the lognormal distributions; however, both are known to be not flexible enough for the modeling of income data. Here we consider a generalization of the lognormal distribution for which the available literature is mainly in Italian