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Two New Exponential Families Of Lorenz Curves

Author

Listed:
  • 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).

Suggested Citation

  • ZuXiang Wang & Russell Smyth, 2007. "Two New Exponential Families Of Lorenz Curves," Monash Economics Working Papers 20-07, Monash University, Department of Economics.
  • Handle: RePEc:mos:moswps:2007-20
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    File URL: http://www.buseco.monash.edu.au/eco/research/papers/2007/2007exponentialwangsmyth.pdf
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    References listed on IDEAS

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

    1. 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.

    More about this item

    Keywords

    Lorenz curve;

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • C5 - Mathematical and Quantitative Methods - - Econometric Modeling

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