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There are currently about two dozen Lorenz models available in the literature for fitting grouped income distribution data. A general method to construct parametric Lorenz models of the weighted product form is offered in this paper. First, a general result to describe the conditions for the...
Persistent link: https://www.econbiz.de/10005064103
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The most common data source on income distribution in China is grouped data. When income data is in grouped form, some acceptable Lorenz model is needed to approximate the underlying Lorenz curve. This paper presents a new family of Lorenz curves and applies the main model in our proposed family...
Persistent link: https://www.econbiz.de/10005067003
We propose a piecewise method to estimate the Lorenz curve for grouped income data. Our illustrative application shows that the method can produce more plausible density when the income distribution data has multiple peaks and the Lorenz curve cannot be modeled satisfactorily over the entire...
Persistent link: https://www.econbiz.de/10011263455
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We examine the relationship between atmospheric pollution, water pollution, traffic congestion, access to parkland and personal well-being using a survey administered across six Chinese cities in 2007. In contrast to existing studies of the determinants of well-being by economists, which have...
Persistent link: https://www.econbiz.de/10005064094
We present two new Lorenz curve families by using the basic model proposed by Sarabia, Castillo and Slottje (1999). We present estimations which show that the models in our new families are very efficient when applied to data on income distribution for a range of countries from Shorrocks (1983).
Persistent link: https://www.econbiz.de/10005064153
We examine the relationship between atmospheric pollution, water pollution, traffic congestion, access to parkland and personal well-being using a survey administered across six Chinese cities in 2007. In contrast to existing studies of the determinants of well-being by economists, which have...
Persistent link: https://www.econbiz.de/10005064192
We first suggest a bi-parametric Lorenz curve, which is a simple rational function, 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...
Persistent link: https://www.econbiz.de/10010736870
The Chinese government has been active in trying to cool the alleged bubbles in its housing markets, especially in urban areas. This paper argues that the high housing prices are at least partly caused by some real factors, including the policy of restricting land uses, in particular the...
Persistent link: https://www.econbiz.de/10010861724