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This paper proposes the k-generalized distribution as a model for describingthe distribution and dispersion of income within a population. Formulas for theshape, moments and standard tools for inequality measurement - such as theLorenz curve and the Gini coefficient - are given. A method for parameterestimation is also discussed. The model is shown to fit extremely well the dataon personal income distribution in Australia and the United States.

The k-generalized distribution: A new descriptive model for the size distribution of incomes