Two New Exponential Families Of Lorenz Curves

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Two New Exponential Families Of Lorenz Curves

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ZuXiang Wang
Russell Smyth

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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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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: 03 Jul 2007
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Handle: RePEc:mos:moswps:2007-20

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Related research
Keywords: Lorenz curve;

Find related papers by JEL classification:
D3 - Microeconomics - - Distribution
C5 - Mathematical and Quantitative Methods - - Econometric Modeling

This paper has been announced in the following NEP Reports:

NEP-ALL-2009-08-08 (All new papers)

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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. [Downloadable!] (restricted)
Shorrocks, Anthony F, 1983. "Ranking Income Distributions," Economica, London School of Economics and Political Science, vol. 50(197), pages 3-17, February. [Downloadable!] (restricted)
Ogwang, Tomson & Rao, U. L. Gouranga, 2000. "Hybrid models of the Lorenz curve," Economics Letters, Elsevier, vol. 69(1), pages 39-44, October. [Downloadable!] (restricted)
Chotikapanich, Duangkamon, 1993. "A comparison of alternative functional forms for the Lorenz curve," Economics Letters, Elsevier, vol. 41(2), pages 129-138. [Downloadable!] (restricted)
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.

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