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A Unified General Class of Interdistributional Income Inequality Measures Based on Weighted Incomplete Moments

Author

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  • Fahad Aldossary
  • Abouelmagd, Tamer
  • A. A. E. Ahmed

Abstract

Many authors have proposed measures for between groups income inequalities. Mostly, these measures are based on functional of the income distribution. Others are based on Gini index, measures of entropies or additive functions. Butler and McDonald (1987) developed a class of between groups income inequality measures based on incomplete moments and showed its applicability. In this article, A unified class of interdistributional inequality measures are introduced. Most of previous measures are special cases from the new class, such as Butler-McDonald measures. These new measures are estimated and studied. Also, the new general class is based on probability weighted moments which can be given any values as the upper value. A real data application is presented to compare among all these measures and show the benefits of the new measures.

Suggested Citation

  • Fahad Aldossary & Abouelmagd, Tamer & A. A. E. Ahmed, 2021. "A Unified General Class of Interdistributional Income Inequality Measures Based on Weighted Incomplete Moments," International Journal of Statistics and Probability, Canadian Center of Science and Education, vol. 10(6), pages 1-22, December.
    • Handle: RePEc:ibn:ijspjl:v:10:y:2021:i:6:p:22
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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