Income Inequality Measures

Research output: Contribution to journalArticleScientificpeer-review

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.
Original languageEnglish
Peer-reviewed scientific journalTheoretical Economics Letters
Volume8
Issue number03
Pages (from-to)557-574
Number of pages18
ISSN2162-2078
DOIs
Publication statusPublished - 14.02.2018
MoE publication typeA1 Journal article - refereed

Keywords

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

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