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.
- 112 Statistics and probability
- Lorenz Curve
- Gini Index
- Pietra Index
- Pareto Distribution
- Simplified Rao-Tam Distribution
- Chotikapanich Distribution