We face here the problem of analysing the presence of bimodality of the equilibrium distribution of incomes in the EU countries, using EU-SILC data about 2012-2015. As a first step we visually inspect the kernel distribution and calculate the Sarle’s bimodality coefficient. We evaluate also the relationship between bimodality and inequality. As a second step we propose to use some suitable stochastic models to analyse the shape (camel/dromedary) of the estimated the long-run income distribution. The chosen models are the classical Markov Chain and the Mover Stayer model.
Crosato, L., Ferretti, C., Ganugi, P., Camel or dromedary? A study of the equilibrium distribution of income in the EU countries, Contributed paper, in Book of Short Paper SIS 2018, (Palermo, 20-22 June 2018), Pearson, Palermo 2018:2018 1270-1275 [http://hdl.handle.net/10807/133722]
Camel or dromedary? A study of the equilibrium distribution of income in the EU countries
Crosato, Lisa
;Ferretti, Camilla
;Ganugi, Piero
2018
Abstract
We face here the problem of analysing the presence of bimodality of the equilibrium distribution of incomes in the EU countries, using EU-SILC data about 2012-2015. As a first step we visually inspect the kernel distribution and calculate the Sarle’s bimodality coefficient. We evaluate also the relationship between bimodality and inequality. As a second step we propose to use some suitable stochastic models to analyse the shape (camel/dromedary) of the estimated the long-run income distribution. The chosen models are the classical Markov Chain and the Mover Stayer model.
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