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An alternative single parameter functional form for Lorenz curve

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  • Satya Paul
  • Sriram Shankar

Abstract

This paper proposes a single parameter functional form for the Lorenz curve and compares its performance with the existing single parameter functional forms using Australian income data for 10 years. The proposed parametric functional form performs better than the existing Lorenz functional forms. The Gini based on the proposed functional form is closest to true Gini each year.

Suggested Citation

  • Satya Paul & Sriram Shankar, 2017. "An alternative single parameter functional form for Lorenz curve," Crawford School Research Papers 1712, Crawford School of Public Policy, The Australian National University.
    • Handle: RePEc:een:crwfrp:1712
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    File URL: https://crawford.anu.edu.au/publication/crawford-school-working-papers/12020/alternative-single-parameter-functional-form-lorenz
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    References listed on IDEAS

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    Cited by:

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    More about this item

    Keywords

    Gini coefficient; Lorenz curve; Parametric functional form;
    All these keywords.

    JEL classification:

    • C80 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - General
    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution

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