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A new inequality measure that is sensitive to extreme values and asymmetries

McAleer, Michael; Ryu, Hang-keun; Slottje, Daniel Jonathan - 2017

properties such a measure (or index) should contain. The Gini index is, of course, the most popular. There is a concurrent … Gini) that poorly detect the extreme values present in the underlying empirical IDF. This paper introduces a new inequality … measure to supplement, but not to replace, the Gini that measures more accurately the inherent asymmetries and extreme values …

Persistent link: https://www.econbiz.de/10011773015

Estimating income inequality in China using grouped data and the generalized beta distribution

Chotikapanich, Duangkamon; Prasada Rao, D. S.; Tang, Kam Ki - 2006

There are two main types of data sources of income distributions in China: household survey data and grouped data. Household survey data are typically available for isolated years and individual provinces. In comparison, aggregate or grouped data are typically available more frequently and...

Persistent link: https://www.econbiz.de/10010284571

Global inequality: Recent evidence and trends

Chotikapanich, Duangkamon; Prasada Rao, D. S.; … - 2007

This paper examines the nature and extent of global and regional income distribution and inequality using the most recent country level data on income distribution drawn from World Bank and UNU-WIDER studies for the period 1993-2000. The methodology used is a recently developed technique to fit...

Persistent link: https://www.econbiz.de/10010284787

The bias of the Gini coefficient due to grouping

Van Ourti, Tom; Clarke, Philip M. - 2008

We propose a first order bias correction term for the Gini index to reduce the bias due to grouping. The first order … correction term is obtained from studying the estimator of the Gini index within a measurement error framework. In addition, it …

Persistent link: https://www.econbiz.de/10011377108

Trade policy and the household distribution of income

Francois, Joseph F.; Rojas-Romagosa, Hugo - 2004

We explore the relationship between import protection and the household distribution of income. We first develop a general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between tariffs, development level, and observed household...

Persistent link: https://www.econbiz.de/10011335217

Household inequality, welfare, and the setting of trade policy

Francois, Joseph F.; Rojas-Romagosa, Hugo - 2004

social welfare into real income level and variance components through Gini and Atkinson indexes. We embed these inequality …

Persistent link: https://www.econbiz.de/10011337398

The construction and interpretation of combined cross-section and time-series inequality datasets

Francois, Joseph F.; Rojas-Romagosa, Hugo - 2005

The inequality dataset compiled in the 1990s by the World Bank and extendedby the UN has been both widely used and strongly criticized. The criticisms raisequestions about conclusions drawn from secondary inequality datasets in general. Wedevelop techniques to deal with national and...

Persistent link: https://www.econbiz.de/10011346482