Statistica (Oct 2007)

The weak Pareto law and regular variation in the tails

  • Walter Kramer,
  • T. Ziebach

DOI
https://doi.org/10.6092/issn.1973-2201/54
Journal volume & issue
Vol. 64, no. 3
pp. 505 – 510

Abstract

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We show that the weak Pareto law, as used to characterize the tail behaviour of income distributions, implies regularly varying tail probabilities, but that the reverse implication does not hold. We also establish implications among other versions of the weak Pareto law.