An Application of the Dagum Type III Model to Measure Household Net Wealth Inequality in Indonesia

Soseco Thomas (), Susan Olivia and Oxley Les ()
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Soseco Thomas: Fakultas Ekonomi dan Bisnis, 106251 Universitas Negeri Malang , Jl. Semarang 5, Malang, Indonesia
Oxley Les: Te Raupapa – Waikato Management School, School of Accounting, Finance and Economics Operations, The University of Waikato, Private Bag 3105, Hamilton 3240, New Zealand

Journal of Econometric Methods, 2024, vol. 13, issue 2, 281-298

Abstract: This paper applies the Dagum Type III model to measure household net wealth inequality in Indonesia utilising data from the Indonesian Family Life Survey (IFLS) 1993–2014. The results are the distribution of household net wealth in Indonesia is right-skewed, with long-and sparse-hand tails that reflect a large proportion of households that have very low net wealth and a small proportion of households that have very high net wealth. Further, the inequality of household net wealth in Indonesia declined, as shown by the decrease in the Gini coefficient.

Keywords: household net wealth; negative values; Dagum Type III (search for similar items in EconPapers)
JEL-codes: C14 C55 D63 I31 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1515/jem-2022-0026

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