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A Comparison of Alternative Functional Forms For Parametric Estimation of the Lorenz Curve

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Author Info
Kwang Soo Cheong () (Department of Economics, University of Hawaii at Manoa)
Abstract

Using U.S. income data, we evaluate several functional forms for the Lorenz curve. On the basis of the goodness of fit, estimated income shares and Gini coefficients, the form proposed by Kakwani (1980) is found to be overall superior to the other forms.

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File URL: http://www.economics.hawaii.edu/research/workingpapers/992.pdf
File Format: application/pdf
File Function: First version, 1999
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Publisher Info
Paper provided by University of Hawaii at Manoa, Department of Economics in its series Working Papers with number 199902.

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Length: 18 pages
Date of creation: 1999
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Handle: RePEc:hai:wpaper:199902

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Related research
Keywords: Income inequality the Lorenz curve and the Gini coeffcient

Find related papers by JEL classification:
D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement

References listed on IDEAS
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  1. Wan, Guano Hua, 1999. "An Empirical Assessment on Alternative Functional Forms of the Lorenz Curve," Applied Economics Letters, Taylor and Francis Journals, vol. 6(9), pages 597-99, September. [Downloadable!] (restricted)
  2. Kakwani, N C & Podder, N, 1973. "On the Estimation of Lorenz Curves from Grouped Observations," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(2), pages 278-92, June. [Downloadable!] (restricted)
  3. Ogwang, Tomson & Gouranga Rao, U. L., 1996. "A new functional form for approximating the Lorenz curve," Economics Letters, Elsevier, vol. 52(1), pages 21-29, July. [Downloadable!] (restricted)
  4. Kakwani, Nanak C & Podder, N, 1976. "Efficient Estimation of the Lorenz Curve and Associated Inequality Measures from Grouped Observations," Econometrica, Econometric Society, vol. 44(1), pages 137-48, January. [Downloadable!] (restricted)
  5. Chotikapanich, Duangkamon, 1993. "A comparison of alternative functional forms for the Lorenz curve," Economics Letters, Elsevier, vol. 41(2), pages 129-138. [Downloadable!] (restricted)
  6. Gupta, Manash Ranjan, 1984. "Functional Form for Estimating the Lorenz Curve," Econometrica, Econometric Society, vol. 52(5), pages 1313-14, September. [Downloadable!] (restricted)
  7. Rasche, R H, et al, 1980. "Functional Forms for Estimating the Lorenz Curve: Comment," Econometrica, Econometric Society, vol. 48(4), pages 1061-62, May. [Downloadable!] (restricted)
  8. Ortega, P, et al, 1991. "A New Functional Form for Estimating Lorenz Curves," Review of Income and Wealth, Blackwell Publishing, vol. 37(4), pages 447-52, December.
  9. Kakwani, Nanak, 1980. "On a Class of Poverty Measures," Econometrica, Econometric Society, vol. 48(2), pages 437-46, March. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Kwang Soo Cheong, 1999. "Economic Crisis and Income Inequality in Korea," Working Papers 199906, University of Hawaii at Manoa, Department of Economics. [Downloadable!]
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