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This article reveals a discontinuity in the mapping from a Lorenz curve to the associated cumulative distribution function. The problem is of a mathematical nature-based on an analysis of the transformation between the distribution function of a bound random variable and its Lorenz curve. It...
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presence of inequality, however, it deviates or refracts from the ideal condition. In this paper, I try to measure economic … inequality from the index of refraction. First, I compute such an index for each stratum to evaluate condition in each and then … add all to propose an overall measure of economic inequality, which appears to be a standardised measure of the length of …
Persistent link: https://www.econbiz.de/10011525663
Index of refraction is found to be a good measure of economic inequality within the Lorenz curve framework. It has …. While an index value of less than 1.00 represents an ‘anomalous refraction' in optics, such a condition of inequality …
Persistent link: https://www.econbiz.de/10011525674
-an inverse-U shape relationship between income inequality and per capita GDP-that is relatively stable from the 1960s into the … 2000s. The direct effect of international openness on income inequality is also found to be positive. On the other hand, a … cross-country-growth equation shows a negative effect of income inequality on economic growth, holding fixed a familiar set …
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large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …
Persistent link: https://www.econbiz.de/10011848056
large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …
Persistent link: https://www.econbiz.de/10011862889
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