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EPJ Data Science
Figure 4 | EPJ Data Science

Figure 4

From: A generative model for age and income distribution

Figure 4

\(q_{a}\), \(\sigma _{a} \) and \(\mu _{a} \) Plots for UK Labour Income, the parameters are estimated with two different methodologies of Generalized Method of Moments and Least Squares Method. The LSM utilises longitudinal data, which provides capability to estimate substantially high q values, which represent the persistence level of an individual’s income, GMM capture much lower q values, due to its incapability of utilising longitudinal data

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