Lorenz Surfaces Based on the Sarmanov–Lee Distribution with Applications to Multidimensional Inequality in Well-Being

José María Sarabia and Vanesa Jorda
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José María Sarabia: Department of Quantitative Methods, CUNEF University, Leonardo Prieto Castro 2, 28040 Madrid, Spain
Vanesa Jorda: Department of Economics, University of Cantabria, Avda de los Castros s/n, 39005 Santander, Spain

Mathematics, 2020, vol. 8, issue 11, 1-17

Abstract: The purpose of this paper is to derive analytic expressions for the multivariate Lorenz surface for a relevant type of models based on the class of distributions with given marginals described by Sarmanov and Lee. The expression of the bivariate Lorenz surface can be conveniently interpreted as the convex linear combination of products of classical and concentrated univariate Lorenz curves. Thus, the generalized Gini index associated with this surface is expressed as a function of marginal Gini indices and concentration indices. This measure is additively decomposable in two factors, corresponding to inequality within and between variables. We present different parametric models using several marginal distributions including the classical Beta, the GB1, the Gamma, the lognormal distributions and others. We illustrate the use of these models to measure multidimensional inequality using data on two dimensions of well-being, wealth and health, in five developing countries.

Keywords: multivariate lorenz surface; Sarmanov–Lee distribution; generalized Gini index; well-being (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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