2007
DOI: 10.1007/s10888-006-9044-6
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Bivariate income distributions with lognormal conditionals

Abstract: In this paper, the most general bivariate distribution with Lognormal conditionals is fully characterized, using the methodology proposed by Arnold, Castillo and Sarabia (1999). The properties of the new family are studied in detail, including marginal and conditional distributions, regression functions, dependence measures, moments and inequality measures. The new distribution is very wide, and contains as particular case the bivariate Lognormal distribution. Several subfamilies are studied. Some extensions a… Show more

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Cited by 13 publications
(8 citation statements)
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“…The classical multivariate lognormal distribution is defined in terms of a monotone marginal transformation of the classical multivariate normal distribution. Other possible alternatives have been proposed by Sarabia et al [41] based on conditional specification. In both previous models, we can obtain a bivariate Lorenz surface.…”
Section: Bivariate Sl Lorenz Surfaces With Lognormal Marginalsmentioning
confidence: 99%
“…The classical multivariate lognormal distribution is defined in terms of a monotone marginal transformation of the classical multivariate normal distribution. Other possible alternatives have been proposed by Sarabia et al [41] based on conditional specification. In both previous models, we can obtain a bivariate Lorenz surface.…”
Section: Bivariate Sl Lorenz Surfaces With Lognormal Marginalsmentioning
confidence: 99%
“…Arnold et al (2000), with reference to Normal Conditionals, have inquired multimodal density functions. Sarabia et al (2007) proposed multimodal probability distributions, which have Log-Skew-Normal and Lognormal Conditionals.…”
Section: Relationship Between Consecutive Headwaysmentioning
confidence: 99%
“…Some applications have been provided by Sarabia et al (2004) and Sarabia et al (2005). The class of bivariate distributions with lognormal conditionals has been fully characterized by Sarabia et al (2007). Now, we need some notation.…”
Section: Conditional Specification Modelsmentioning
confidence: 99%