About the hyperbolic Lorenz curve
José María Sarabia (),
Faustino Prieto and
Economics Letters, 2015, vol. 136, issue C, 42-45
In a recent paper in this journal, Wang and Smyth (2015) propose a new bi-parametric functional form for the Lorenz curve and use it to derive new parametric forms. In this paper, we demonstrate that the new bi-parametric model is a reparameterization of the hyperbolic Lorenz curve proposed by Arnold (1986). We obtain new and important properties not previously considered.
Keywords: Lorenz curve; Donaldson–Weymark–Kakwani index; Pietra index (search for similar items in EconPapers)
JEL-codes: C80 D30 (search for similar items in EconPapers)
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