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An empirical comparison of alternative functional forms for the Lorenz curve

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  • Kwang Soo Cheong

Abstract

Using US income data, several functional forms for the Lorenz curve are evaluated. On the basis of the goodness of fit, estimated income shares and Gini coefficients, the form proposed by Kakwani (Electrometrica, 48, 437-46, 1980) is found to be overall superior to the other forms.

Suggested Citation

  • Kwang Soo Cheong, 2002. "An empirical comparison of alternative functional forms for the Lorenz curve," Applied Economics Letters, Taylor & Francis Journals, vol. 9(3), pages 171-176.
  • Handle: RePEc:taf:apeclt:v:9:y:2002:i:3:p:171-176
    DOI: 10.1080/13504850110054058
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    References listed on IDEAS

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    1. 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 278-292, June.
    2. 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.
    3. Gupta, Manash Ranjan, 1984. "Functional Form for Estimating the Lorenz Curve," Econometrica, Econometric Society, vol. 52(5), pages 1313-1314, September.
    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 137-148, January.
    5. Guano Hua Wan, 1999. "An empirical assessment on alternative functional forms of the Lorenz curve," Applied Economics Letters, Taylor & Francis Journals, vol. 6(9), pages 597-599.
    6. Basmann, R. L. & Hayes, K. J. & Slottje, D. J. & Johnson, J. D., 1990. "A general functional form for approximating the Lorenz curve," Journal of Econometrics, Elsevier, vol. 43(1-2), pages 77-90.
    7. Chotikapanich, Duangkamon, 1993. "A comparison of alternative functional forms for the Lorenz curve," Economics Letters, Elsevier, vol. 41(2), pages 129-138.
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    Cited by:

    1. T. Kämpke & R. Pestel & F.J. Radermacher, 2003. "A Computational Concept for Normative Equity," European Journal of Law and Economics, Springer, vol. 15(2), pages 129-163, March.
    2. Wang, ZuXiang & Smyth, Russell, 2015. "A hybrid method for creating Lorenz curves," Economics Letters, Elsevier, vol. 133(C), pages 59-63.
    3. Wang, Yuanjun & You, Shibing, 2016. "An alternative method for modeling the size distribution of top wealth," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 457(C), pages 443-453.
    4. ZuXiang Wang & Russell Smyth & Yew-Kwang Ng, 2009. "A General Method to Create Lorenz Models," Monash Economics Working Papers 06-09, Monash University, Department of Economics.
    5. Andrew C. Chang & Phillip Li & Shawn M. Martin, 2018. "Comparing cross‐country estimates of Lorenz curves using a Dirichlet distribution across estimators and datasets," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(3), pages 473-478, April.
    6. WANG, Zuxiang & SMYTH, Russell & NG, Yew-Kwang, 2009. "A new ordered family of Lorenz curves with an application to measuring income inequality and poverty in rural China," China Economic Review, Elsevier, vol. 20(2), pages 218-235, June.
    7. ZuXiang Wang & Yew-Kwang Ng & Russell Smyth, 2007. "Revisiting The Ordered Family Of Lorenz Curves," Monash Economics Working Papers 19-07, Monash University, Department of Economics.

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