An alternative functional form for estimating the lorenz curve
We propose a simple single parameter functional form for the Lorenz curve. The underlying probability density function and cumulative density functions for the Lorenz curve are derived and are shown to have some useful properties. The proposed functional form is fitted to existing data sets and is shown to provide a better fit than existing single parameter Lorenz curves for the given data.
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- Chotikapanich, Duangkamon & Griffiths, William E. & Rao, D. S. Prasada, 2007.
"Estimating and Combining National Income Distributions Using Limited Data,"
Journal of Business & Economic Statistics,
American Statistical Association, vol. 25, pages 97-109, January.
- Duangkamon Chotikapanich & William E. Griffiths & D.S. Prasada Rao, 2005. "Estimating and Combining National Income Distributions using Limited Data," Department of Economics - Working Papers Series 926, The University of Melbourne.
- D.S. Prasada Rao & Duangkamon Chotikapanich & William E. Griffiths, 2004. "Estimating and Combining National Income Distributions using Limited Data," Econometric Society 2004 Australasian Meetings 213, Econometric Society.
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