Cumulative Entropy and Income Analysis
Nair N. Unnikrishnan () and
Vineshkumar B. ()
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Nair N. Unnikrishnan: Department of Statistics, Cochin University of Science and Technology, Cochin-682022, India
Vineshkumar B.: Department of Statistics, Government Arts College, Thiruvananthapuram-695014, India
Stochastics and Quality Control, 2022, vol. 37, issue 2, 165-179
Abstract:
In the present work, we investigate the applications of cumulative entropy as a tool in income analysis. The relationships the cumulative entropy has with income gap ratio, Lorenz curve, Gini index, Bonferroni curve and Zenga curve are provided. Applications of the results to real data are illustrated.
Keywords: Cumulative Entropy; Income Gap Ratio; Lorenz Curve; Gini Index; Bonferroni Curve; Zenga Curve (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:bpj:ecqcon:v:37:y:2022:i:2:p:165-179:n:1
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DOI: 10.1515/eqc-2022-0012
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