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This paper surveys selected applications of the Lorenz curve and related stochastic orders in economics and econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income distributions in terms of families of inequality measures, Lorenz...
Persistent link: https://www.econbiz.de/10011390616
Inequality is anisotropic: its intensity is variable along the income scale. Therefore, to focus on local inequalities, a new representation, the isograph, is developed to figure their variations. This leads to the expression of three coefficients able to summarize the shape of inequalities: a...
Persistent link: https://www.econbiz.de/10010335475
The isograph methodology is developed here with associated distributions, indicators of inequality, additional results, and is implemented on 53 LIS countries (with an annex covering 655 LIS country-year samples). The gb2 and other classical distributions (FC, Dagum, SinghMaddala) are presented...
Persistent link: https://www.econbiz.de/10014477491
Income distributions for developing countries in Asia are modeled using beta-2 distributions, which are estimated by a method of moments procedure applied to grouped data. Estimated parameters of these distributions are used to calculate measures of inequality, poverty, and pro-poor growth in...
Persistent link: https://www.econbiz.de/10010397210
Similar looking Lorenz Curves can imply very different income density functions and potentially lead to wrong policy implications regarding inequality. This paper derives a relation between a Lorenz Curve and the modality of its underlying income density: Given a parametric Lorenz Curve, it is...
Persistent link: https://www.econbiz.de/10010310938
Growth that reduces poverty is often considered pro-poor regardless of whether the poor benefit from it more than the non-poor. Such growth could simply be termed poverty-reducing growth. This paper argues that for growth to be pro-poor it should disproportionally benefit the poor. The paper...
Persistent link: https://www.econbiz.de/10010280068
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
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
This paper surveys selected applications of the Lorenz curve and related stochastic orders in economics and econometrics, with a bias towards problems in statistical distribution theory. These include characterizations of income distributions in terms of families of inequality measures, Lorenz...
Persistent link: https://www.econbiz.de/10003664973
Inequality is anisotropic: its intensity is variable along the income scale. Therefore, to focus on local inequalities, a new representation, the isograph, is developed to figure their variations. This leads to the expression of three coefficients able to summarize the shape of inequalities: a...
Persistent link: https://www.econbiz.de/10010258790