A hybrid method for creating Lorenz curves

C-Tier
Journal: Economics Letters
Year: 2015
Volume: 133
Issue: C
Pages: 59-63

Authors (2)

Wang, ZuXiang (not in RePEc) Smyth, Russell (Monash University)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We first suggest a bi-parametric Lorenz curve and then analyze the curvature structure of the function. We then build a series of single-parameter Lorenz curves with varied curvatures, which are special cases of the rational function. A hybrid method is then introduced for creating efficient functional models for the Lorenz curve from the single-parameter functional forms. Using grouped income distribution data for the United States, we find that our proposed models perform well.

Technical Details

RePEc Handle
repec:eee:ecolet:v:133:y:2015:i:c:p:59-63
Journal Field
General
Author Count
2
Added to Database
2026-01-29