Income Inequality Measures
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Date
2018-02
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Scientific Research
Abstract
Income distributions are commonly unimodal and skew with a heavy right
tail. Different skew models, such as the lognormal and the Pareto, have been
proposed as suitable descriptions of income distribution and applied in specific
empirical situations. More wide-ranging tools have been introduced as
measures for general comparisons. In this study, we review the income analysis
methods and apply them to specific Lorenz models.
Description
Keywords
Lorenz Curve, Gini Index, Pietra Index, Pareto Distribution, Simplified Rao-Tam Distribution, Chotikapanich Distribution
Citation
Theoretical Economics Letters, 2018, 8, 557-574