In this paper we consider the lognormal, gamma, beta, and Singh-Maddala functions as descriptive models for the distribution of family income for 1960 and 1969 through 1975. Least squares and two efficient estimation techniques are used to estimate the unknown parameters. Alternative functional forms for comparable estimation techniques can then be contrasted and estimation techniques for a given functional form can be compared. We note that estimates of population characteristics depend upon the functional form and estimation technique selected.
MLA
McDonald, James B., and Michael R. Ransom. “Functional Forms, Estimation Techniques and the Distribution of Income.” Econometrica, vol. 47, .no 6, Econometric Society, 1979, pp. 1513-1526, https://www.jstor.org/stable/1914015
Chicago
McDonald, James B., and Michael R. Ransom. “Functional Forms, Estimation Techniques and the Distribution of Income.” Econometrica, 47, .no 6, (Econometric Society: 1979), 1513-1526. https://www.jstor.org/stable/1914015
APA
McDonald, J. B., & Ransom, M. R. (1979). Functional Forms, Estimation Techniques and the Distribution of Income. Econometrica, 47(6), 1513-1526. https://www.jstor.org/stable/1914015
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.