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Salinari, Giambattista
De Santis, Gustavo
Year of Publication: 
Series/Report no.: 
LIS Working Paper Series 488
We present a markovian homogeneous model that mimics the evolution of household income. With three parameters only, the model generates a set of theoretical curves that closely fit actual income distributions, as observed in 19 advanced economies in the period 1967-2004. The fit is better, and theoretically more consistent, than that obtained with other models customarily used in the literature, for instance log-normal or power-law models.
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Working Paper
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