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Two New Exponential Families Of Lorenz Curves

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  • ZuXiang Wang
  • Russell Smyth

Abstract

We present two new Lorenz curve families by using the basic model proposed by Sarabia, Castillo and Slottje (1999). We present estimations which show that the models in our new families are very efficient when applied to data on income distribution for a range of countries from Shorrocks (1983).

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File URL: http://www.buseco.monash.edu.au/eco/research/papers/2007/2007exponentialwangsmyth.pdf
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Bibliographic Info

Paper provided by Monash University, Department of Economics in its series Monash Economics Working Papers with number 20-07.

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Length: 20 pages
Date of creation: 2007
Date of revision:
Handle: RePEc:mos:moswps:2007-20

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Keywords: Lorenz curve;

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References

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  1. Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February.
  2. ZuXiang Wang & Yew-Kwang Ng & Russell Smyth, 2007. "Revisiting The Ordered Family Of Lorenz Curves," Development Research Unit Working Paper Series 19-07, Monash University, Department of Economics.
  3. Ogwang, Tomson & Rao, U. L. Gouranga, 2000. "Hybrid models of the Lorenz curve," Economics Letters, Elsevier, vol. 69(1), pages 39-44, October.
  4. Chotikapanich, Duangkamon, 1993. "A comparison of alternative functional forms for the Lorenz curve," Economics Letters, Elsevier, vol. 41(2), pages 129-138.
  5. José-María Sarabia & Enrique Castillo & Daniel J. Slottje, 2001. "An Exponential Family of Lorenz Curves," Southern Economic Journal, Southern Economic Association, vol. 67(3), pages 748-756, January.
  6. Sarabia, J. -M. & Castillo, Enrique & Slottje, Daniel J., 1999. "An ordered family of Lorenz curves," Journal of Econometrics, Elsevier, vol. 91(1), pages 43-60, July.
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Cited by:
  1. ZuXiang Wang & Russell Smyth & Yew-Kwang Ng, 2009. "A General Method to Create Lorenz Models," Development Research Unit Working Paper Series 06-09, Monash University, Department of Economics.

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