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An Extension of the Lorenz-Diagram with Special Reference to Survival Analysis

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Author Info
Riese, Martin

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Abstract

An "adapted Lorenz curve" (ALC) is suggested which relates the cumulative proportion of, say, income earners that receive income below x to the proportion of total income that is earned in income brackets below x. The ALC is especially useful in survival contexts: in that it compactly visualizes the course of the hazard and mean residual life-time functions, it provides considerably richer information on the underlying distribution than the original Lorenz curve. Copyright 1987 by Blackwell Publishing Ltd

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Publisher Info
Article provided by Department of Economics, University of Oxford in its journal Oxford Bulletin of Economics & Statistics.

Volume (Year): 49 (1987)
Issue (Month): 2 (May)
Pages: 245-50
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Handle: RePEc:bla:obuest:v:49:y:1987:i:2:p:245-50

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Web page: http://www.blackwellpublishing.com/journal.asp?ref=0305-9049

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  1. Walter Piesch, 2004. "Einige Anwendungen von erweiterten Gini-Indices P und M," Diskussionspapiere aus dem Institut für Volkswirtschaftslehre der Universität Hohenheim 243/2004, Department of Economics, University of Hohenheim, Germany. [Downloadable!]
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