IDEAS home Printed from https://ideas.repec.org/h/spr/esichp/978-0-387-72796-7_14.html
   My bibliography  Save this book chapter

Modelling Inequality with a Single Parameter

In: Modeling Income Distributions and Lorenz Curves

Author

Listed:
  • J. M. Henle

    (Smith College)

  • N. J. Horton

    (Smith College)

  • S. J. Jakus

    (Smith College)

Abstract

We argue that the Lorenz curve for income is well-modelled by members of the one-parameter family of functions: $$ \left\{ {y = \left( {1 - \left( {1 - r} \right)^k } \right)^{\frac{1}{k}} } \right\} $$ . We justify this statement with data from the Luxembourg Income Study. The family of curves arises from a dynamic model of income growth, in which the parameter k has a direct economic interpretation.

Suggested Citation

  • J. M. Henle & N. J. Horton & S. J. Jakus, 2008. "Modelling Inequality with a Single Parameter," Economic Studies in Inequality, Social Exclusion, and Well-Being, in: Duangkamon Chotikapanich (ed.), Modeling Income Distributions and Lorenz Curves, chapter 14, pages 255-269, Springer.
  • Handle: RePEc:spr:esichp:978-0-387-72796-7_14
    DOI: 10.1007/978-0-387-72796-7_14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. A. Il’inskii I. & Z. Mierzwa & А. Ильинский И. & З. Межва, 2019. "Распределение богатства в экосистеме биткоин // Wealth Distribution in the Bitcoin Ecosystem," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 23(2), pages 6-16.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:esichp:978-0-387-72796-7_14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.