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Revisiting The Ordered Family Of Lorenz Curves Author info | Abstract | Publisher info | Download info | Related research | Statistics ZuXiang Wang
Yew-Kwang Ng
Russell Smyth
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Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number
19/07.
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Length: 28pages
Date of creation: 02 Jul 2007Date of revision:
Handle: RePEc:mos:moswps:2007-19Contact details of provider: Postal: Department of Economics, Monash University, Victoria 3800, Australia Phone: +61-3-9905-2493 Fax: +61-3-9905-5476 Email: Web page: http://www.buseco.monash.edu.au/eco/ More information through EDIRC
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Keywords: Lorenz curve ; Gini index Abstract: Sarabia et al. (1999) present a basic model to create ordered families of Lorenz curves ; along with basic theorems that describe the conditions for the models to satisfy the definition of the Lorenz curve. Using these basic models ; they suggest a family which includes several well-known Lorenz models as special cases. This paper first shows that their basic theorems can be generalized. The paper then proceeds to propose additional families of Lorenz models. Finally the performance of some of the models is compared and it is shown that more efficient Lorenz models are possible with the assistance of our generalized result of the Sarabia et al. (1999) basic model. ; Find related papers by JEL classification: D3 - Microeconomics - - Distribution C5 - Mathematical and Quantitative Methods - - Econometric Modeling
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